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(U17) Below 21-DMA To Shift Focus........>

BUND TECHS
BUND TECHS: (U17) Below 21-DMA To Shift Focus Lower
*RES 4: 164.79 Low June 21 now resistance
*RES 3: 164.64 High Aug 10
*RES 2: 164.48 High Aug 18
*RES 1: 164.21 Hourly resistance Aug 18
*PREVIOUS CLOSE: 164.07
*SUP 1: 164.00 Low Aug 18
*SUP 2: 163.69 Hourly support Aug 16, Daily Bull channel base
*SUP 3: 163.37 100-DMA
*SUP 4: 163.14 21-DMA
*COMMENTARY: The aggressive rejection ahead of the 164.64 resistance Friday is a
concern for bulls when combined with daily studies looking to correct from O/B.
The 163.14-69 support region is key this week. Bears need a close below the
21-DMA to end bullish hopes and hint at a shift lower in focus with below 162.50
to confirm focus on 161.02-37. Bulls now need a close above 164.21 to return
focus to 164.64-90 where the falling daily TL is noted.

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