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(H9) Ranges Falling *RES 3: 154.01 - 28...>

JGB TECHS
JGB TECHS: (H9) Ranges Falling
*RES 3: 154.01 - 28 July 2016
*RES 2: 153.80 - 29 August 2016 High
*RES 1: 153.13 - Uptrendline Resistance
*PRICE: 152.80 @ 16:15 GMT, Feb21
*SUP 1: 152.49 - 50-DMA
*SUP 2: 152.23 - 23.6% 149.75 - 152.99
*SUP 3: 151.54 - 100-DMA
Prices retreated for much of the Thursday session, but the underlying bull trend
remains in tact for now as the trend channel drawn from January holds. This
keeps the focus still on the upside and fresh contract highs, making 154.01 a
serious prospect. Resistance layered between today's price and the all-time high
is few and far between with only the 29 August 2016 high at 153.80 and uptrend
resistance at 153.13 on tap. For bears to re-initiate any downside, next support
kicks in at 152.23, marking the 23.6% Fib retracement for the 149.75-152.99
move.

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