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BUND TECHS: (U18) Extending Gains *RES...>

BUND TECHS
BUND TECHS: BUND TECHS: (U18) Extending Gains
*RES 3: 167.00 Measures move from triangle breakout
*RES 2: 164.19 High May 29
*RES 1: 163.62 High Aug 13
*PREVIOUS CLOSE: 163.37
*SUP 1: 163.15 Resistance turned support
*SUP 2: 162.69 Low August 10
*SUP 3: 161.98 Low August 8
*SUP 4: 161.45 Hourly Low August 3
The Bund extended the recent rally, breaking higher through the previous 163.39
July high. This break higher into a new trading range leaves few major
resistance levels ahead of the May 29 peak. However,  near-term momentum
indicators have developed bearish signals, suggesting a near-term corrective
pullback is possible before gains are extended further. Initial support is at
163.15, holding above there maintains the bullish outlook.

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