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(U18) The Week's 162.57 High Gets........>

BUND TECHS
BUND TECHS: (U18) The Week's 162.57 High Gets Another Challenge
*RES 4: 163.26 1% volatility band
*RES 3: 163.03/05 May 30 high, 76.4% Fibo of 164.19-159.37
*RES 2: 162.69 1.618 swing of 162.35-161.80
*RES 1: 162.55/57 Intraday, Jun 25 high
*PRICE: 162.13 @1454GMT
*SUP 1: 161.90/95 Hourly support
*SUP 2: 161.75 Jun 26 low
*SUP 3: 161.52 Jun 15 high, now support
*SUP 4: 161.26 Jun 21 low
*COMMENTARY* After holding 161.80 on Friday, the rally extended through 162.35
on Monday, to reach 162.57, before falling foul of some near term overbought
conditions. The subsequent loss of 161.95 support puts the onus back on 161.80,
a sustained loss here would disappoint now and open up the chance of a deeper
correction of gains from the Jun 8 low at 159.37. Resistance from that 162.57,
above which would allow 162.69 and then 163.03-163.05 next. 

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