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

BUND TECHS: (M18) Finds Some Support Ahead Of 160.88-160.81 Area
*RES 4: 162.54 Initial pullback low May 29, now resistance
*RES 3: 162.23 May 31 high
*RES 2: 162.02 Hourly recovery high May 31
*RES 1: 161.83 Intraday high
*PRICE: 161.30 @1600GMT
*SUP 1: 160.95 May 31 low
*SUP 2: 160.88 50% Fibo of 157.61-164.15
*SUP 3: 160.81 1.618 swing of 161.91-163.69
*SUP 4: 160.11/16 61.8% Fibo, 1.618 swing of 160.95-162.23
*COMMENTARY* Continued to fall Thursday, 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 then come from
the 50% Fibo retrace level at 160.88 and the swing target at 160.81 and protect
against a 160.16 fall. Meanwhile, look to the day's 161.83 high as resistance
against any sort of comeback.

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