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(U18) Bears Need Close Below 21-DMA......>

BUND TECHS
BUND TECHS: (U18) Bears Need Close Below 21-DMA
*RES 4: 164.52 Low Sept 1 now resistance
*RES 3: 164.19 2018 High May 29
*RES 2: 163.03 High May 30
*RES 1: 162.74 Bollinger band top
*PREVIOUS CLOSE: 162.22
*SUP 1: 161.99 Hourly support June 21
*SUP 2: 161.26 Low June 21
*SUP 3: 161.01 21-DMA
*SUP 4: 160.85 Hourly resistance June 15 now support
*COMMENTARY: Support emerging on dips back towards the 21-DMA provided the
impetus for a rally Thursday and close above 162.15 that sees immediate focus on
162.74-163.03 and overall focus on tests of 2018 highs and the weekly bear
channel top (164.49). The 21-DMA is key support today. Bears now need a close
below the 21-DMA to ease bullish pressure and shift initial focus back to
159.37-160.22 where the 55-DMA (159.50) is situated.

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