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(U18) Below 159.70 To End Bullish........>

BUND TECHS
BUND TECHS: (U18) Below 159.70 To End Bullish Hopes
*RES 4: 163.03 High May 30
*RES 3: 162.15 High May 31
*RES 2: 161.75 High June 1
*RES 1: 160.68 Lows June 4 & 5 now resistance
*PREVIOUS CLOSE: 159.95
*SUP 1: 159.77 200-WMA
*SUP 2: 159.70 High May 23 now support
*SUP 3: 159.09 55-DMA
*SUP 4: 158.23 High May 16 now support
*COMMENTARY: The sell-off from 2018 highs continues and currently pressures the
21-DMA (159.83) & 200-WMA. Bears now look for a close below 159.70 to confirm a
break of these levels and hint at a move back to 157.43-84 where Apr & May lows
and the rising weekly TL off 2018 lows is found. Daily studies correcting from
O/B have added weight to the bearish case. Bulls now need a close above 160.68
to gain breathing room and above 162.15 to hint at a move back to 2018 highs.

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