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(U18) Pressure Remains On Key 163.03.....>

BUND TECHS
BUND TECHS: (U18) Pressure Remains On Key 163.03 Resistance
*RES 4: 164.19 2018 High May 29
*RES 3: 163.67 Bollinger band top
*RES 2: 163.03 High May 30
*RES 1: 162.93 High July 6
*PREVIOUS CLOSE: 162.78
*SUP 1: 162.68 Hourly support July 6
*SUP 2: 162.45 Hourly support July 5
*SUP 3: 162.06 Low July 5
*SUP 4: 161.75 Low June 26
*COMMENTARY: Bears failed to capitalise on the break below 162.22 last week.
Focus remains on the break of 163.03 needed to add support to the bullish case
for a test of 164.19-42. The 161.26 support remains key this week. Bears
continue to look for a close below the 21-DMA gain breathing room and below
161.26 to shift initial focus back to 159.37-160.22 where the 55-DMA (160.20) is
situated. Correcting O/B studies remain a concern for bulls and currently weigh.

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