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(M18) Bulls Need Close Above 159.69......>

BUND TECHS
BUND TECHS: (M18) Bulls Need Close Above 159.69
*RES 4: 160.26 Low Dec 13 now resistance
*RES 3: 159.69 Monthly High Mar 28
*RES 2: 159.61 Bollinger band top
*RES 1: 159.50 High May 21
*PREVIOUS CLOSE: 159.06
*SUP 1: 158.74 Low May 22
*SUP 2: 158.55 21-DMA
*SUP 3: 158.49 55-DMA
*SUP 4: 157.61 Low May 15
*COMMENTARY: Hesitation ahead of 159.69 is less than ideal for bulls with the
Bollinger band top currently capping. Bulls need a close above 159.69 to confirm
a break of the 200-WMA (159.64) and to shift immediate focus to 160.26-98. The
158.49-74 support region where 21 & 55-DMAs are noted is key today. Bears now
need a close below the 55-DMA to ease bullish pressure and return focus to
157.34-61. Daily studies are now well placed for a fresh leg higher.

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