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(M18) Flirting With LT Bull....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Flirting With LT Bull Channel Base 
*RES 4: 97.2701 - 200-DMA
*RES 3: 97.2188 - 100-DMA
*RES 2: 97.1800 - Low May 10 now resistance
*RES 1: 97.1500 - Alternating daily support/resistance
*PRICE: 97.1250 @ 2130GMT
*SUP 1: 97.1000 - Hourly resistance May 17 now support
*SUP 2: 97.0674 - Bollinger band base
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 96.9875 - 2017 Low Mar 10 2017
*COMMENTARY: Bulls take comfort in the gains Friday ensuring the contract didn't
close the week below the LT weekly bull channel base (97.1024). Bears now look
for a close below 2018 lows to confirm a break and below 96.9650 needed to
initially target 96.7950 2015 lows. Layers of resistance remain 97.1800-3150
where key DMAs and the 200-WMA are noted. Above this region initially targets
97.4000-4400.

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