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(U17) 163.51 Support Key Today *RES 4:...>

BUND TECHS
BUND TECHS: (U17) 163.51 Support Key Today
*RES 4: 164.79 Low June 21 now resistance
*RES 3: 164.43 Low June 19 now resistance
*RES 2: 164.13 Low June 16 now resistance
*RES 1: 164.04 High June 28
*PREVIOUS CLOSE: 163.73
*SUP 1: 163.51 High Aug 4 now support
*SUP 2: 163.25 Low Aug 9
*SUP 3: 163.17 55-DMA
*SUP 4: 163.03 Low Aug 8
*COMMENTARY: Bulls regained the upper hand with the close above 163.51 that sees
immediate pressure on 164.04-13. Bulls now need a close above 164.13 to add
support to their case for a move targeting 165.44-55. O/B daily studies and the
Bollinger top (163.79) remain concerns for bulls. Layers of support are building
with bears needing a close below 163.51 to gain breathing room and below the
55-DMA to shift initial focus back to 162.50-63.

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