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(U18) Looking A Little Offered *RES 4:...>

BUND TECHS
BUND TECHS: (U18) Looking A Little Offered
*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: 161.32
*SUP 1: 161.31 Low June 20
*SUP 2: 160.89 21-DMA
*SUP 3: 160.85 Hourly resistance June 15 now support
*SUP 4: 160.22 High June 11 now support
*COMMENTARY: The lack of topside follow through is a concern for bulls who
currently need 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 160.85 to
confirm a break of the 21-DMA, easing bullish pressure, and below 159.37 to
confirm a break of the 55-DMA (159.44) and shift immediate focus to
157.14-158.23 where the 100-DMA (158.12) is noted.

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