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(M18) Below 21-DMA To Ease Bullish.......>

BUND TECHS
BUND TECHS: (M18) Below 21-DMA To Ease Bullish Pressure
*RES 4: 160.26 Low Dec 13 now resistance
*RES 3: 160.01 Bollinger band top
*RES 2: 159.69 Monthly High Mar 28
*RES 1: 159.55 High Apr 18
*PREVIOUS CLOSE: 159.17
*SUP 1: 158.91 High May 2 now support
*SUP 2: 158.82 21-DMA
*SUP 3: 158.38 Low Apr 30
*SUP 4: 157.90 Hourly resistance Apr 26 now support
*COMMENTARY: Bullish confidence grows with a close above the 21-DMA that sees
immediate focus on 159.69 and bulls now looking for a close above this level to
shift initial focus to 160.26-98 where Dec highs are noted. Bears now need a
close below the 21-DMA to gain breathing room and below 158.38 to target a
correction back to 157.34-43. Daily studies are well placed for a fresh leg
higher and have room to move before O/B is an issue.

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