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(M18) Focus Returns to 159.28-69 *RES....>

BUND TECHS
BUND TECHS: (M18) Focus Returns to 159.28-69
*RES 4: 159.69 Monthly High Mar 28
*RES 3: 159.55 High Apr 18
*RES 2: 159.42 High May 7
*RES 1: 159.28 High May 8
*PREVIOUS CLOSE: 158.80
*SUP 1: 158.47 21-DMA
*SUP 2: 157.61 Low May 15
*SUP 3: 157.43 Low Mar 24
*SUP 4: 157.34 Low Mar 14
*COMMENTARY: Having remained offered most of last week bulls take comfort in the
rally and bullish close above the 21-DMA that eased bearish pressure and sees
focus return to 159.28-69 where monthly highs are located. Above 160.38 remains
needed to target the 55-WMA (161.30). Bears now need a close below the 21-DMA to
signal a false break and see focus return to 157.34-61 where April lows are
found.

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