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(U18) Rally Still Troubled By............>

BUND TECHS
BUND TECHS: (U18) Rally Still Troubled By 162.88-162.89 Resistance
*RES 4: 163.97 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 Jul 2 high
*PRICE: 162.59 @1525GMT
*SUP 1: 162.10/22 Hourly support, Jul 3 low
*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 162.22-162.10 and the latter should really hold now, if further
gains through 162.89, toward 163.05-163.30 are to be seen at this stage. Loss of
162.10 and then 161.75, would trigger a correction of the rise from 159.37.

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