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(H18) Bears Focused On 200-WMA *RES 4:...>

BUND TECHS
BUND TECHS: (H18) Bears Focused On 200-WMA
*RES 4: 161.13 High Jan 23
*RES 3: 160.85 High Jan 24
*RES 2: 160.36 High Jan 26
*RES 1: 160.09 Hourly resistance Jan 26
*PREVIOUS CLOSE: 159.80
*SUP 1: 159.74 Bollinger band base
*SUP 2: 159.66 2018 Low Jan 25
*SUP 3: 158.73 2017 Low Mar 14
*SUP 4: 158.55 200-WMA
*COMMENTARY: The sharp sell-off Thursday resulted in fresh 2018 & 9mth lows with
bears taking comfort in Friday's topside failure and bearish close that retains
focus on 158.55-73 where 2017 lows and the 200-WMA are situated. Bulls now look
for a close above 160.36 to gain breathing room and above 161.13 to confirm
breaks of the 21-DMA (161.92) & bear channel top (160.72), shifting focus to
161.55-162.04 where 55 (162.02) & 100 (161.72) DMAs are noted.

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