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(U17) Bulls Focused On 165.44-93 *RES....>

BUND TECHS
BUND TECHS: (U17) Bulls Focused On 165.44-93
*RES 4: 165.93 Monthly High Apr 18
*RES 3: 165.55 Monthly High June 14
*RES 2: 165.44 High June 26, Bollinger band top
*RES 1: 164.98 High Aug 28
*PREVIOUS CLOSE: 164.76
*SUP 1: 164.67 Daily Bull channel base A
*SUP 2: 164.58 Low Aug 28
*SUP 3: 164.36 Low Aug 25
*SUP 4: 164.12 Low Aug 22
*COMMENTARY: Bulls have taken out the double daily top and remain focused on
165.44.93 where monthly highs are located. The contract continues to find
support on dips back to the bull channel base. Bears continue to look for a
close below 164.36 to confirm an easing of bullish pressure and shift focus back
to 163.15-00 where key DMAs are clustered. Modestly O/B studies are less than
ideal with the Bollinger top likely to limit follow through on a break higher.

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