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(U17) Bears Need Close Below 164.08......>

BUND TECHS
BUND TECHS: (U17) Bears Need Close Below 164.08
*RES 4: 165.44 High June 26
*RES 3: 164.92 Falling daily TL
*RES 2: 164.79 Low June 21 now resistance
*RES 1: 164.64 High Aug 10
*PREVIOUS CLOSE: 164.32
*SUP 1: 164.08 High Aug 15 now support
*SUP 2: 163.69 Hourly support Aug 16
*SUP 3: 163.59 Hourly resistance Aug 17 now support
*SUP 4: 163.51 Daily Bull channel base
*COMMENTARY: Support emerging on dips back to key DMAs and the bull channel base
has taken its toll with a close above the key 164.25 resistance that now sees
immediate focus on 164.64-92 where the Bollinger top (164.83) is noted. Above
164.92 is needed to shift focus to 165.44-55 where June highs are located. Bears
now need a close below 164.08 to ease immediate bullish pressure and below the
21-DMA (163.04) to hint at a decent correction with below 162.36 confirming.

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