(M18) Finds Some Support Ahead Of........>

BUND TECHS: (M18) Finds Some Support Ahead Of 160.88-160.81 Area

*RES 4: 163.06 May 30 high

*RES 3: 162.93 61.8% Fibo  of 164.15-160.95

*RES 2: 162.46/55 Hourly high May 30, 50% of 164.15-160.95

*RES 1: 162.23/33 Intraday high, hourly high May 30

*PRICE: 161.75 @1715GMT

*SUP 1: 161.45/50 Hourly support

*SUP 2: 161.25 Initial intraday recovery high, now support

*SUP 3: 160.95 Intraday low

*SUP 4: 160.88 50% Fibo of 157.61-164.15

*COMMENTARY* Continued to fall today, as we correct the recent sharp gains. A

maintained break below 161.20 will see focus of this correction switch from the

May 28 base at 160.29 to the May 15 low at 157.61. Next supports of note then

come from the 50% Fibo retrace level at 160.88 and the swing target at 160.81.

Meanwhile, back above 161.84-161.91 has allowed some respite, 162.23-162.33 the

next barrier higher.