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(H18) Weekly Bear Channel Base Lurking...>

BUND TECHS
BUND TECHS: (H18) Weekly Bear Channel Base Lurking Below
*RES 4: 159.66 High Jan 29, Daily Bear channel top
*RES 3: 159.33 High Jan 31
*RES 2: 158.92 High Feb 6
*RES 1: 158.65 High Feb 9
*PREVIOUS CLOSE: 158.01
*SUP 1: 157.70 Low Feb 9
*SUP 2: 157.26 2018 Low Feb 8
*SUP 3: 156.78 Low Dec 16 2015
*SUP 4: 156.57 Weekly bear channel base
*COMMENTARY: The bullish key day reversal failed to deliver with H18 trading at
2018 & 2+yr lows, although follow through is lacking. O/S daily studies and the
Bollinger base (157.26) remain concerns for bears who are focused on 156.57-78
where the weekly bear channel base is located. A close below 154.81 then targets
148.23 2015 lows. Bulls now need a close above 158.65 to ease bearish pressure
and above the daily bear channel top (159.66) to shift focus higher.

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