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Bullish Reversal *RES 4: 163.39 High.....>

BUND TECHS
BUND TECHS: Bullish Reversal
*RES 4: 163.39 High July 20 
*RES 3: 162.70 Low July 19 now resistance  
*RES 2: 162.47 High July 25
*RES 1: 162.30 High July 30, 21-DMA
*PREVIOUS CLOSE: 162.05 
*SUP 1: 161.99 Hourly High August 3 
*SUP 2: 161.48 Low August 3 
*SUP 3: 161.17 Low August 2 
*SUP 4: 160.86 Low August 1 
Friday's price action has once again shifted the short-term outlook bullish with
161.99 turning from resistance to support in what looks like an inverse-head-and
shoulders formation. While prices remain above this level, the July 30 high and
21-DMA at 162.30 will be the next hurdle for the bulls, before a potential run
at the July 20 highs. Bears need to move below 161.99 to shift the short-term
outlook neutral and below 161.48 to re-establish the bearish trend. 

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