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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: 160.31
*SUP 1: 159.95 21-DMA
*SUP 2: 159.39 Low June 7
*SUP 3: 159.16 55-DMA
*SUP 4: 158.23 High May 16 now support
*COMMENTARY: Despite finding support ahead of the 55-DMA Thursday, topside
follow through remained absent to end the week. Bulls now look for a close above
161.13 to gain breathing room and above 162.15 to hint at a move back to 2018
highs. The 55-DMA is key support to start the week. Bears look for 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. Daily studies have now corrected to neutral levels.

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