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(U18) 162.06 & 163.03 Levels Key Today...>

BUND TECHS
BUND TECHS: (U18) 162.06 & 163.03 Levels Key Today
*RES 4: 163.36 Bollinger band top
*RES 3: 163.03 High May 30
*RES 2: 162.93 High July 6
*RES 1: 162.74 Falling TL Off 201 high
*PREVIOUS CLOSE: 162.68
*SUP 1: 162.26 Low July 10
*SUP 2: 162.17 21-DMA
*SUP 3: 162.06 Low July 5
*SUP 4: 161.75 Low June 26
*COMMENTARY: Topside hesitation ahead of 163.03 has defined the past two weeks
which is less than ideal for bulls with daily studies correcting from O/B seen
weighing. Bulls still need a close above 163.03 to add support to the bullish
case for a test of 164.19-42. The 161.26 support remains key this week. Bears
now look for a close below 162.06 gain breathing room and below 161.26 to shift
initial focus back to 160.22-56 where the 55-DMA (160.56) is situated.

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