(U17) Bulls Take Comfort In....>

AUSSIE 10-YEAR TECHS: (U17) Bulls Take Comfort In Bounce 

*RES 4: 97.4450 - High June 30

*RES 3: 97.4250 - High Aug 18

*RES 2: 97.4200 - High Aug 29

*RES 1: 97.3650 - Hourly support Aug 29 now resistance

*PRICE: 97.3350 @ 2130GMT

*SUP 1: 97.3100 - Hourly resistance Aug 30 now support

*SUP 2: 97.3062 - Bollinger band base

*SUP 3: 97.2500 - Low July 27

*SUP 4: 97.2100 - Monthly Low July 20

*COMMENTARY: Having supported for most of August, bears failed to capitalise on

the break of the 97.3150 support and 200-DMA (97.3164) with the Bollinger band

base limiting follow through. Narrowing Bollinger bands continue to suggest a

breakout. Layers of resistance remain with bulls needing a close above the

55-WMA (97.4460) to end bearish hopes and shift focus to 97.6100-6750.