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(H18) Rejected Ahead Of 21-DMA *RES 4:...>

BUND TECHS
BUND TECHS: (H18) Rejected Ahead Of 21-DMA
*RES 4: 161.56 Hourly support Jan 9 now resistance
*RES 3: 161.18 21-DMA
*RES 2: 161.13 High Jan 23
*RES 1: 160.90 Hourly resistance Jan 23
*PREVIOUS CLOSE: 160.82
*SUP 1: 160.68 Low Jan 23
*SUP 2: 160.30 Lows Jan 15 & 18
*SUP 3: 160.11 2018 Low Jan 12
*SUP 4: 160.05 Bollinger band base
*COMMENTARY: Tuesday's attempts to regain lost ground resulted in rejection
ahead of the 21-DMA although bulls take comfort in correcting O/S studies
increasing correction risk. Bulls now need a close above the 21-DMA to confirm
an easing of bearish pressure and to shift focus to 161.55-162.37 where 55 &
100-DMAs are located. Initial support is noted at Tuesday's low with bears
needing a close below to retain focus on 159.78-160.11.

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