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(U17) Initial Focus On 163.09-31 *RES....>

BUND TECHS
BUND TECHS: (U17) Initial Focus On 163.09-31
*RES 4: 164.13 Low June 16 now resistance
*RES 3: 163.31 High June 29
*RES 2: 163.14 55-DMA
*RES 1: 163.09 100-DMA
*PREVIOUS CLOSE: 162.93
*SUP 1: 162.75 Hourly support Aug 1
*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: Support emerging on dips back towards the 21-DMA (161.66) provided
the catalyst for a break of 162.67 with immediate bullish focus on 163.09-31
where 55 & 100-DMAs are located and overall focus on 164.13. Initial support is
noted at 162.75 with bears needing a close below 162.50 to ease pressure on key
DMAs and below 162.07 to shift focus back to 161.02-66 where the 21-DMA is
noted.

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