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(U18) Below 21-DMA To Ease Bullish.......>

BUND TECHS
BUND TECHS: (U18) Below 21-DMA To Ease Bullish Pressure
*RES 4: 163.03 High May 30
*RES 3: 162.70 Bollinger band top
*RES 2: 162.15 High May 31, 100-WMA
*RES 1: 161.86 High June 19
*PREVIOUS CLOSE: 161.50
*SUP 1: 161.41 High June 18 now support
*SUP 2: 160.85 Hourly resistance June 15 now support
*SUP 3: 160.76 21-DMA
*SUP 4: 160.22 High June 11 now support
*COMMENTARY: Support emerging ahead of the 55-DMA combined with daily studies
correcting from O/S provided the catalyst for an aggressive rally that eased
bearish pressure last week. Bulls look for a close above 162.15 to confirm focus
on 163.03-164.19. Daily studies remain well placed for gains. Bears now look for
a close below the 21-DMA to ease bullish pressure and below the 55-DMA to
confirm immediate focus on 157.14-158.23 where the 100-DMA (158.07) is noted.

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