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(U17) Below Channel Base Presures........>

BUND TECHS
BUND TECHS: (U17) Below Channel Base Presures 163.16-00
*RES 4: 165.93 Monthly High Apr 18
*RES 3: 165.55 Monthly High June 14
*RES 2: 165.44 High June 26
*RES 1: 164.90 Highs Aug 23 & 24
*PREVIOUS CLOSE: 164.67
*SUP 1: 164.66 Low Aug 24
*SUP 2: 164.59 Hourly resistance Aug 23 now support
*SUP 3: 164.28 Daily Bull channel base
*SUP 4: 164.00 Hourly support Aug 18
*COMMENTARY: Hesitation at 164.90 leaves a double daily top is place which is
less than ideal for bulls who now need a close above 164.90 to reconfirm the
bullish bias and retain focus on 165.44.93. In saying that, bears need a close
below 164.59 to ease bullish pressure and below the daily bull channel base off
July 28 lows to shift focus back to 163.16-00 where key DMAs are clustered.
Waning momentum and modestly O/S studies remain a concern for bulls.

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