(M18) Still An Opportunity For 160.00....>

BUND TECHS: (M18) Still An Opportunity For 160.00 While Above 159.00

*RES 4: 160.89 61.8% Fibo of 163.78-156.22

*RES 3: 160.24/33 Sep 28 low, 1% volatility band

*RES 2: 160.00 50% Fibo of 163.78-156.22

*RES 1: 159.84 May 23 high

*PRICE: 159.58 @0720GMT

*SUP 1: 159.22 Hourly recovery high May 22, now support

*SUP 2: 159.00 Hourly congestion May 21-22

*SUP 3: 158.74 May 22 low

*SUP 4: 158.50 May 16 high, now support

*COMMENTARY* Wednesday saw a move through 159.50-159.69 resistance, a high of

159.84 so far, although the 160.00 area looks a better bet higher. This a 50%

Fibo retrace level, as well as the swing target of the recent 159.50-158.74

fall. Currently correcting some near term overbought conditions, with initial

support between 159.40-159.22. A loss of the lower 159.00 would caution however

and suggest a correction of gains from 157.61 is underway.