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(M18) Bears Need Close Below 21-DMA......>

BUND TECHS
BUND TECHS: (M18) Bears Need Close Below 21-DMA
*RES 4: 159.69 Monthly High Mar 28
*RES 3: 159.55 High Apr 18
*RES 2: 159.42 High May 7
*RES 1: 159.05 Low May 4 now resistance
*PREVIOUS CLOSE: 158.91
*SUP 1: 158.78 21-DMA
*SUP 2: 158.38 Low Apr 30
*SUP 3: 157.96 Daily Bull channel base
*SUP 4: 157.90 Hourly resistance Apr 26 now support
*COMMENTARY: Failure to trouble the 159.55-69 resistance region has resulted in
a correction back to the 21-DMA. Bears still need a close below the 21-DMA to
gain breathing room and below 158.38 to shift initial focus back to 157.34-43.
Correcting modestly O/B studies are a concern for bulls. Bulls now look for a
close above 159.69 to reconfirm a bullish bias and shift initial focus to
160.26-98 where Dec highs are noted.

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