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(U17) Bulls Need Close Above 164.25......>

BUND TECHS
BUND TECHS: (U17) Bulls Need Close Above 164.25
*RES 4: 164.79 Low June 21 now resistance
*RES 3: 164.64 High Aug 10
*RES 2: 164.25 Hourly resistance Aug 14
*RES 1: 164.08 High Aug 15
*PREVIOUS CLOSE: 163.98
*SUP 1: 163.59 Hourly support Aug 16
*SUP 2: 163.45 Low Aug 15
*SUP 3: 163.33 100-DMA
*SUP 4: 163.18 55-DMA
*COMMENTARY: Bulls take comfort in support again emerging on a dip back towards
key DMAs 162.92-163.33 and the bullish close that followed but the 164.25
resistance remains key. Bulls still need a close above 164.25 to gain breathing
room and above 164.79 to confirm focus on 165.44-55. Correcting O/B studies are
the key concern for bulls. Bears now need a close below the 21-DMA (162.92) to
continue with the correction and initially targeting 162.29-63.

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