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(M18) Bulls Now Focused On 162.37-90.....>

BUND TECHS
BUND TECHS: (M18) Bulls Now Focused On 162.37-90
*RES 4: 162.90 Low Dec 14 now resistance (Cont)
*RES 3: 162.48 High Dec 20 (Cont)
*RES 2: 162.37 100-WMA, High Dec 27 (Cont)
*RES 1: 162.04 2018 High Jan 8 (Cont)
*PREVIOUS CLOSE: 161.97
*SUP 1: 161.52 Hourly support May 28
*SUP 2: 161.34 High May 25 now support, 55-WMA
*SUP 3: 160.29 High May 24 now support
*SUP 4: 159.84 High May 23 now support
*COMMENTARY: Gains continued Monday with the contract gaining traction above the
55-WMA (161.34) and bulls now focused on 162.37-90 where the 100-WMA is located.
O/B daily studies and the Bollinger band top (161.02) remain concerns for bulls.
Layers of support accumulating add to bullish confidence with bears now needing
a close below 161.34 to gain breathing room and below 160.29 to shift focus back
to 158.50-159.31 where 21 & 55-DMAs are found.

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