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(U18) Hinting At Move To 163.03-164.19...>

BUND TECHS
BUND TECHS: (U18) Hinting At Move To 163.03-164.19
*RES 4: 162.88 Bollinger band top
*RES 3: 162.15 High May 31
*RES 2: 161.75 High June 1
*RES 1: 161.13 High June 8
*PREVIOUS CLOSE: 160.85
*SUP 1: 160.64 Hourly support June 14
*SUP 2: 160.34 21-DMA
*SUP 3: 160.22 High June 11 now support
*SUP 4: 159.37 Low June 12
*COMMENTARY: Support emerging ahead of the 55-DMA combined with daily studies
correcting from O/S provided the catalyst for an aggressive rally and bullish
close that eased bearish pressure. Bulls now look for a close above 161.13 to
hint at a move back to 163.03-164.19 with a close above 162.15 to confirm. Bears
now need 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 is noted.

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