(U18) 160.04-160.10 Break Allows.........>

BUND TECHS: (U18) 160.04-160.10 Break Allows Better Recovery 

*RES 4: 161.13 Jun 8 high

*RES 3: 160.71/78 76.4% Fibo, hourly recovery high Jun 8

*RES 2: 160.46/51 61.8% of 161.13-159.37, hourly high Jun 8

*RES 1: 160.22/25 Jun 11 high, 50% of 161.13-159.37

*PRICE: 159.95 @0730GMT

*SUP 1: 159.55/63 Hourly support, Jun 13 low

*SUP 2: 159.37/39 Jun 12, Jun 7 lows 

*SUP 3: 159.23/30 May 7, May 21 highs, now support

*SUP 4: 158.70/98 1% vol band, 76.4% Fibo of 157.37-164.19

*COMMENTARY* The drop has so far been contained at 159.37, just beneath the

first of a trio of former highs between 159.42-159.23. If any of the recent

upside momentum is to be retained, then it is important that these hold the

fall. Loss will pressure 158.98-158.70 next and perhaps 158.31. Meanwhile,

resistance from between 160.04-160.10 has been breached allowing a better

recovery of losses from 161.13. Nearest support rises to 159.63-159.55.