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(H18) Bulls Need Close Above 160.97......>

BUND TECHS
BUND TECHS: (H18) Bulls Need Close Above 160.97
*RES 4: 161.56 Hourly support Jan 9 now resistance
*RES 3: 161.23 21-DMA
*RES 2: 160.97 Highs Jan 16 & 17
*RES 1: 160.85 High Jan 19
*PREVIOUS CLOSE: 160.58
*SUP 1: 160.30 Lows Jan 15 & 18
*SUP 2: 160.11 2018 Low Jan 12
*SUP 3: 160.08 Bollinger band base
*SUP 4: 159.78 Monthly Low Sept 28
*COMMENTARY: Failure to capitalise on the recovery from 2018 lows saw the
significance of 160.97 confirmed with bulls needing a close above to ease
bearish pressure and shift focus to 161.55-162.37 where key DMAs are situated.
Above 162.37 is needed to target 163.78. The sell-off reconfirmed immediate
focus back on 160.11 2018 lows and overall focus on 158.47-159.78 where the
200-WMA is noted. Closes below the 200-WMA were last seen briefly in 2011.

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