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(U18) 55-DMA Support Remains Key *RES....>

BUND TECHS
BUND TECHS: (U18) 55-DMA Support Remains Key
*RES 4: 162.15 High May 31
*RES 3: 161.75 High June 1
*RES 2: 160.68 Lows June 4 & 5 now resistance
*RES 1: 160.22 High June 11
*PREVIOUS CLOSE: 159.80
*SUP 1: 159.37 Low June 12
*SUP 2: 159.25 55-DMA
*SUP 3: 158.23 High May 16 now support
*SUP 4: 157.91 100-DMA
*COMMENTARY: Immediate focus remains on the 55-DMA with support continuing to
emerge on approach. Bears still need a close below the 55-DMA to confirm
immediate focus on 157.14-158.23 where the 100-DMA is noted, with below 157.14
to target 154.33 Feb lows. Daily studies approaching O/S are the key concern for
bears. Initial resistance remains at 160.22 with bulls needing a close above to
gain breathing room and confirm a break above the 21-DMA (160.21).

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