(U18) Focus On Supports After 162.89.....>

BUND TECHS: (U18) Focus On Supports After 162.89 Continues To Cap

*RES 4: 164.04 1% volatility band

*RES 3: 163.30 1.618 swing of 162.89-162.22

*RES 2: 163.03/05 May 30 high, 76.4% Fibo of 164.19-159.37

*RES 1: 162.89/97 Jul 2 high, hourly resistance

*PRICE: 162.60 @0900GMT

*SUP 1: 162.06/10 Jul 5 low hourly support

*SUP 2: 161.75/85 Jun 26, Jun 29 lows

*SUP 3: 161.52 Jun 15 high, now support

*SUP 4: 161.26 Jun 21 low

*COMMENTARY* The swing target at 162.88 has basically put a lid on rallies so

far. A high of 162.89 seen on Monday, before once again pulling back within the

recent range above key near term support between 161.85-161.75. There is interim

support from around 162.10 and this should really hold now, if further gains

through 162.89, toward 163.05-163.30 are to be seen at this stage. Sustained

loss of 162.10 and then 161.75, would trigger a correction of gains from 159.37.