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(U17) 'Shooting Star' Candle Close Is....>

BUND TECHS
BUND TECHS: (U17) 'Shooting Star' Candle Close Is Near Term Concern
*RES 4: 166.64 6 month bull channel top projection
*RES 3: 166.40 Feb 24 high, 1% volatility band
*RES 2: 165.69/70 Aug 29 high, Feb 28 low
*RES 1: 165.40/50 Hourly resistance
*PRICE: 165.06 @1032GMT                                   
*SUP 1: 164.85/89 Intraday low, Aug 23 high
*SUP 2: 164.58/64 Aug 28 low, Aug 11 high
*SUP 3: 164.22 Aug 23 low
*SUP 4: 163.90 Congestion area Aug 16-17
*COMMENTARY* Has broken above 164.95-164.98 resistance and has now filled the
rest of the opening gap left by the 165.70-162.65 fall between Feb 28-Mar 1 this
year. Above 165.70 and currently not much showing until the upper 1% volatility
band at 166.40. A 'shooting star' daily candle close is a near term concern here
and has also become overbought on a near term basis. 165.15 support has been
lost but the 164.89-164.58 area is presently of more importance below.

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