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(U18) Below 55-DMA To Shift Focus........>

BUND TECHS
BUND TECHS: (U18) Below 55-DMA To Shift Focus Lower
*RES 4: 162.70 Bollinger band top
*RES 3: 162.15 High May 31
*RES 2: 161.75 High June 1
*RES 1: 161.52 High June 15
*PREVIOUS CLOSE: 161.11
*SUP 1: 160.85 Hourly resistance June 15 now support
*SUP 2: 160.64 21-DMA
*SUP 3: 160.22 High June 11 now support
*SUP 4: 159.36 55-DMA
*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 look for a
close below 160.22 to ease bullish pressure and below the 55-DMA to confirm
immediate focus on 157.14-158.23 where the 100-DMA (158.02) is noted.

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