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(H18) Weekly Close Below 200-WMA *RES....>

BUND TECHS
BUND TECHS: (H18) Weekly Close Below 200-WMA
*RES 4: 159.33 High Jan 31
*RES 3: 158.88 Hourly resistance Jan 31
*RES 2: 158.62 200-WMA
*RES 1: 158.36 High Feb 2
*PREVIOUS CLOSE: 157.96
*SUP 1: 157.71 2018 Low Feb 2
*SUP 2: 157.52 Low Dec 29 2015
*SUP 3: 156.78 Low Dec 16 2015
*SUP 4: 156.33 Weekly bear channel base
*COMMENTARY: The first weekly close below the 200-DMA since 2011 adds weight to
the bearish case for tests of the weekly bear channel base and then 148.23 2015
lows. O/S daily studies and the Bollinger base (158.15) remain concerns for
bears. In saying that, bulls need a close above 158.88 to ease bearish pressure
and above 159.66 to shift focus to 160.21-161.11 where the daily bear channel
top & 21-DMA are noted.

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