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(U17) Bulls Need Close Above 163.31......>

BUND TECHS
BUND TECHS: (U17) Bulls Need Close Above 163.31
*RES 4: 163.31 High June 29
*RES 3: 163.13 55-DMA
*RES 2: 163.12 100-DMA
*RES 1: 162.97 High Aug 2
*PREVIOUS CLOSE: 162.82
*SUP 1: 162.63 Low Aug 2
*SUP 2: 162.50 High July 27 now support
*SUP 3: 162.07 Hourly support Aug 1
*SUP 4: 161.72 Low July 31
*COMMENTARY: Layers of resistance remain 162.97-163.31 where the 55-WMA, 55 &
100-DMAs are situated. Bulls need a close above 163.31 to confirm a break ant
shift initial focus to tests of 164.13 June 16 lows. Hesitation ahead of the key
resistance region is less than ideal for bulls. In saying that, bears still need
a close below 162.50 to ease pressure on key MAs and below 162.07 to shift focus
back to 161.02-70 where the 21-DMA is noted.

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