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(H18) Bullish Key Day Reversal *RES 4:...>

BUND TECHS
BUND TECHS: (H18) Bullish Key Day Reversal
*RES 4: 160.08 Daily bear channel top
*RES 3: 160.04 21-DMA
*RES 2: 159.66 Low Jan 25 now resistance
*RES 1: 159.33 High Jan 31
*PREVIOUS CLOSE: 159.04
*SUP 1: 158.88 Hourly resistance Jan 31 now support
*SUP 2: 158.44 Hourly resistance Feb 5 now support
*SUP 3: 158.01 Hourly support Feb 5
*SUP 4: 157.62 2018 Low Feb 5
*COMMENTARY: Bears failed to capitalise on the first weekly close below the
200-DMA (158.69) since 2011 with a bullish key day reversal easing bearish
pressure and seeing focus on 159.66-160.36. Bulls now need a close above 160.36
to confirm breaks of the 21-DMA and bear channel top and shift initial focus to
161.13-62 where 55 & 100-DMAs are noted. bears now look for a close below 158.44
to shift focus back to 2018 lows and then the weekly bear channel base (156.52).

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