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(U17) Supported Ahead Of Channel Base....>

BUND TECHS
BUND TECHS: (U17) Supported Ahead Of Channel Base
*RES 4: 166.40 2017 High Feb 24
*RES 3: 165.93 Monthly High Apr 18
*RES 2: 165.69 High Aug 29
*RES 1: 165.31 High Aug 30
*PREVIOUS CLOSE: 165.19
*SUP 1: 164.97 Daily Bull channel base
*SUP 2: 164.92 Low Aug 30
*SUP 3: 164.58 Low Aug 28
*SUP 4: 164.36 Low Aug 25
*COMMENTARY: The lack of topside follow through Tuesday remains a concern for
bulls and sees bulls needing a close above 165.31 to retain focus on 165.69-93.
The Bollinger top and O/B studies remains the key concern for bulls. The daily
bull channel base is now initial support with bears now needing a close below
164.92 to confirm a break, easing bullish pressure and shifting initial focus
back to 164.00-36.

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