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(U17) 164.25 Resistance Now Key *RES.....>

BUND TECHS
BUND TECHS: (U17) 164.25 Resistance Now Key
*RES 4: 164.79 Low June 21 now resistance
*RES 3: 164.64 High Aug 10
*RES 2: 164.25 Hourly resistance Aug 14
*RES 1: 163.91 Hourly resistance Aug 15
*PREVIOUS CLOSE: 163.78
*SUP 1: 163.45 Low Aug 15
*SUP 2: 163.33 100-DMA
*SUP 3: 163.18 55-DMA
*SUP 4: 162.82 21-DMA
*COMMENTARY: The correction from Friday's high continues with correcting O/B
daily studies adding weight to the bearish case. Layers of resistance are
building with bulls needing a close above 164.25 to gain breathing room and
above 164.79 to confirm focus on 165.44-55. While 164.25 caps bears remain
focused on 162.50-163.33 where key DMAs are situated. Bears look for a close
below 162.50 to end bullish hopes, initially targeting 161.37.

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