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(M9) Downside Momentum Seen *RES 4:......>

BUND TECHS
BUND TECHS: (M9) Downside Momentum Seen
*RES 4: 169.20 Channel top resistance 
*RES 3: 168.86 High June 24, 2016 (continuation chart) 
*RES 2: 167.41/44 High May 17/15 
*RES 1: 167.07 High May 20
*PRICE: 166.69 @ 04:47 GMT May 21 
*RES 1: 166.63 Low May 16 
*SUP 2: 165.94/92 Low May 10,8 
*SUP 3: 165.30 55-dma 
*SUP 4: 164.82 Low May 3 
Downside reversal potential in Bund futures is growing with bears now looking
for a break below yesterday's low to build further downside momentum towards the
May 10,8 lows at 165.94/92. Below here would open the 55-dma at 165.30. Bulls
need to recover yesterday's high at 167.07 to return the focus to the May 15/17
highs at 167.41/44. 

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