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(H18) Looking Offered Again *RES 4:......>

BUND TECHS
BUND TECHS: (H18) Looking Offered Again
*RES 4: 159.90 21-DMA
*RES 3: 159.66 Low Jan 25 now resistance
*RES 2: 159.33 High Jan 31
*RES 1: 158.92 High Feb 6
*PREVIOUS CLOSE: 158.51
*SUP 1: 158.44 Hourly resistance Feb 5 now support
*SUP 2: 158.01 Hourly support Feb 5
*SUP 3: 157.62 2018 Low Feb 5
*SUP 4: 156.78 Low Dec 16 2015
*COMMENTARY: Bears are yet to capitalise on Monday's bullish key day reversal
with the contract capped ahead of 159.33 Tuesday and looking offered once again.
Bears continue to look for a close below 158.44 to reconfirm initial focus on
2018 lows and overall focus on the weekly bear channel base (156.52). Bulls now
need a close above 160.36 to confirm breaks of the 21-DMA and bear channel top
and shift initial focus to 161.13-56 where 55 & 100-DMAs are noted.

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