(U18) Narrow Sideways Trading Continues...>

JGB TECHS: (U18) Narrow Sideways Trading Continues

*RES 4: 151.13 - Monthly High May 30

*RES 3: 151.02 - Hourly resistance May 30

*RES 2: 150.94 - Low May 31 now resistance

*RES 1: 150.89 - High June 25

*PRICE: 150.85 @ 2130GMT

*SUP 1: 150.81 - Low June 25 

*SUP 2: 150.71 - Low June 15 

*SUP 3: 150.60 - Low June 14 

*SUP 4: 150.53 - Low Apr 27

*COMMENTARY: Topside follow through was lacking to start the new week with the

contract failing to gain traction above the 21-DMA (150.82). Bulls continue to

look for a close above 150.94 to confirm traction above the 21-DMA and return

focus to the 151.02-19 resistance region. Daily studies approaching O/B are a

concern for bulls. Bears now need a close below 150.81 to gain breathing room

and below 150.71 to reconfirm initial focus on 150.53-60.