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(U17) Bollinger Top Limiting Follow......>

BUND TECHS
BUND TECHS: (U17) Bollinger Top Limiting Follow Through
*RES 4: 166.40 2017 High Feb 24
*RES 3: 165.93 Monthly High Apr 18
*RES 2: 165.69 High Aug 29
*RES 1: 165.49 Bollinger band top
*PREVIOUS CLOSE: 165.26
*SUP 1: 164.98 High Aug 28 now support
*SUP 2: 164.82 Daily Bull channel base A
*SUP 3: 164.58 Low Aug 28
*SUP 4: 164.36 Low Aug 25
*COMMENTARY: Bullish focus remains on 165.93 with a close above confirming focus
on 2017 highs. The lack of topside follow through courtesy of the Bollinger top
is a concern for bulls who now look for a close above 165.69 to add support to
their case. Layers of support remain with bears now needing a close below the
bull channel base to ease bullish pressure and below 164.00 to confirm a break
of the 21-DMA (164.04) and shift focus back to 55 & 100-DMAs 163.16-43.

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