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(U17) Focus Shifts To 165.44-93 *RES.....>

BUND TECHS
BUND TECHS: (U17) Focus Shifts To 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
*RES 1: 165.29 Bollinger band top
*PREVIOUS CLOSE: 164.89
*SUP 1: 164.71 Hourly support Aug 23
*SUP 2: 164.59 Hourly resistance Aug 23 now support
*SUP 3: 164.13 Daily Bull channel base
*SUP 4: 164.00 Hourly support Aug 18
*COMMENTARY: The 164.00 support provided the base for a rally that has defined
the week so far with bulls now initially focused on 165.44-93 where Apr & June
highs are located. Layers of support are accumulating with bears now needing a
close below 164.59 to ease bullish pressure and shift focus back to 164.00-13
where the bull channel base is located. Below 164.00 is needed to initially
target 163.17-69.

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