###POV LT Traders Target 148.23 On Sub...>

BUND TECHS: ###POV LT Traders Target 148.23 On Sub 200-WMA Close

- The 158.73-160.00 region supported during 2017 with Bunds trading a

158.73-166.40 range. The most recent bounce from ahead of 158.73-160.00 put in a

lower weekly swing high with pressure having returned to 158.73-160.00 and the

200-WMA noted at 158.56. A weekly close below the 200-WMA was last seen briefly

in 2011 and then more consistently in 2008.

- The 200-WMA is now seen as key support for LT traders who now look for a close

below to confirm traction below 158.73, shifting immediate focus to 154.81 (Nov

2015 low) and opening up for a potential move targeting 148.23 2015 lows. Weekly

studies have room to move before O/S becomes an issue.

- Layers of resistance are noted 162.42-163.90 including 55 (162.42) & 100

(163.21) WMAs. LT bulls need a close above 163.90 to confirm breaks and ease

bearish pressure, with above 166.40 (2017 high) needed to confirm a break of the

LT TL (165.55) off 2016 highs and shift focus to 2016 highs at 168.86.

- Click for chart https://tinyurl.com/ybnm5esw