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(U18) Support Emerging Ahead Of 55-DMA...>

BUND TECHS
BUND TECHS: (U18) Support Emerging Ahead Of 55-DMA
*RES 4: 163.03 High May 30
*RES 3: 162.15 High May 31
*RES 2: 161.75 High June 1
*RES 1: 160.68 Lows June 4 & 5 now resistance
*PREVIOUS CLOSE: 160.19
*SUP 1: 159.88 21-DMA
*SUP 2: 159.39 Low June 7
*SUP 3: 159.12 55-DMA
*SUP 4: 158.23 High May 16 now support
*COMMENTARY: Losses have defined the week so far but bulls take comfort in
support emerging ahead of the 55-DMA Thursday. Bears now need a close below the
55-DMA to confirm immediate focus on 157.14-158.23 with below 157.14 to target
154.33 Feb lows. Initial resistance remains at 160.68. Bulls need a close above
160.68 to gain breathing room and above 162.15 to hint at a move back to 2018
highs. Daily studies have now corrected to neutral levels.

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