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(U18) Failure Below 161.66 Again Is A....>

BUND TECHS
BUND TECHS: (U18) Failure Below 161.66 Again Is A Concern
*RES 4: 162.15 May 31 high
*RES 3: 161.75/85 Jun 1 high, hourly high May 31
*RES 2: 161.66 Jun 5 high, hourly recovery high Jun 1
*RES 1: 161.45 Hourly resistance
*PRICE: 160.85 @0756MT
*SUP 1: 160.68 Jun 4 low
*SUP 2: 160.40 Hourly support
*SUP 3: 160.07 1.618 swing 160.68-161.66
*SUP 4: 159.98/00 61.8% 157.37-164.19, swing 160.82-162.15
*COMMENTARY* Still finding some support from above 160.68, although the second
failure to deal with 161.66 resistance is a concern. A loss of 160.68 and minor
160.40 then the protection against a deeper 160.07-159.98 fall. This area a
combination of two recent swing targets, as well as a 61.8% Fibo retrace level.
In the meantime, 161.45 bars the way to another 161.66 challenge, above which
161.85-162.15 becomes possible.

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