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(U17) 164.88 Resistance Remains Key......>

BUND TECHS
BUND TECHS: (U17) 164.88 Resistance Remains Key
*RES 4: 165.44 High June 26
*RES 3: 164.88 Falling daily TL
*RES 2: 164.79 Low June 21 now resistance
*RES 1: 164.64 High Aug 10
*PREVIOUS CLOSE: 164.37
*SUP 1: 164.12 Low Aug 22
*SUP 2: 164.00 Hourly support Aug 18
*SUP 3: 163.97 Daily Bull channel base
*SUP 4: 163.69 Hourly support Aug 16
*COMMENTARY: The 164.00 support provided the base for Monday's rally with the
close above 164.21 seeing immediate focus back to 164.64-88 where the falling
daily TL is noted. Bulls continue to look for a close above the falling daily TL
to confirm focus on tests of 165.44-55 where June highs are situated. Layers of
support remain with bears needing a close below 163.69 to ease immediate bullish
pressure and below the 55-DMA (163.16) to target 162.50-63.

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