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(U18) Bears Need Close Below 55-DMA......>

BUND TECHS
BUND TECHS: (U18) Bears Need Close Below 55-DMA
*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: 159.84
*SUP 1: 159.39 Low June 7
*SUP 2: 159.20 55-DMA
*SUP 3: 158.23 High May 16 now support
*SUP 4: 157.86 100-DMA
*COMMENTARY: Despite finding support ahead of the 55-DMA Thursday, topside
follow through remained absent to end the week. Losses to start the new week see
immediate focus on the 55-DMA today. Bears 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. Bulls now need a close above 161.13 to gain
breathing room.

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