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

BUND TECHS
BUND TECHS: (U18) Bears Need Close Below 21-DMA
*RES 4: 164.19 2018 High May 29
*RES 3: 163.03 High May 30
*RES 2: 163.00 Bollinger band top
*RES 1: 162.66 High June 28
*PREVIOUS CLOSE: 162.30
*SUP 1: 162.01 Low June 27
*SUP 2: 161.75 Low June 26
*SUP 3: 161.26 Low June 21
*SUP 4: 161.19 21-DMA
*COMMENTARY: Support emerging on dips back towards the 21-DMA provided the
impetus for a rally last week that shifted immediate focus to 163.03 and overall
focus on 2018 highs & the weekly bear channel top (164.48). Bears need a close
below 161.75 to gain breathing room and below the 21-DMA to shift initial focus
back to 159.37-160.22 where the 55-DMA (159.78) is situated. Bulls look for a
close above 163.03 to add support to their case.

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