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(U17) Focus Shifts To 164.13-79 *RES.....>

BUND TECHS
BUND TECHS: (U17) Focus Shifts To 164.13-79
*RES 4: 165.44 High June 26
*RES 3: 164.79 Low June 21 now resistance
*RES 2: 164.43 Low June 19 now resistance
*RES 1: 164.13 Low June 16 now resistance
*PREVIOUS CLOSE: 163.45
*SUP 1: 163.13 55-DMA
*SUP 2: 162.97 High Aug 2 now support
*SUP 3: 162.63 Low Aug 2
*SUP 4: 162.50 High July 27 now support
*COMMENTARY: Having previously hesitated ahead of key resistance layers bulls
made short work of key DMAs with the bullish close seeing focus shift to
164.13-79 where layers of resistance are noted. The Bollinger top (163.27) is
the key concern for bulls. The 55-DMA is initial support with bears needing a
close below to ease bullish pressure and below 162.50 now needed to shift focus
back to 161.02-78 where the 21-DMA and bull channel base are noted.

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