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(M18) Correcting O/B Studies Weighing....>

BUND TECHS: (M18) Correcting O/B Studies Weighing
*RES 4: 164.15 2018 High May 29
*RES 3: 163.81 Hourly resistance May 29
*RES 2: 163.06 High May 30
*RES 1: 162.46 Alternating hourly support/resistance
*SUP 1: 160.95 Low May 31
*SUP 2: 160.29 High May 24 now support
*SUP 3: 159.84 High May 23 now support
*SUP 4: 159.45 21-DMA
*COMMENTARY: The contract gives back gains made early in the week with
correcting O/B daily studies weighing. The break of 161.34 lacked follow through
but bulls now need to see a close above 162.46 to gain breathing room and return
focus to 163.06-164.15. Note the weekly bear channel top off 2016 highs comes in
around 164.63. Bears now look for a close below 160.95 to add weight to the case
for a move back to 159.05-84 where 21 (159.62) & 55 (159.05) DMAs are situated.

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