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(U18) 162.06 Support Key Today *RES 4:...>

BUND TECHS
BUND TECHS: (U18) 162.06 Support Key Today
*RES 4: 163.39 High July 20
*RES 3: 163.21 Hourly resistance July 20
*RES 2: 162.95 Hourly support July 20 now resistance
*RES 1: 162.70 Low July 19 now resistance
*PREVIOUS CLOSE: 162.46
*SUP 1: 162.40 Low July 11
*SUP 2: 162.26 Low July 10
*SUP 3: 162.09 Daily Bull channel base off May 17 low
*SUP 4: 162.06 Low July 5
*COMMENTARY: Bulls failed to capitalise on Thursday's gains with fresh 2mth
highs Friday aggressively reversed and pressure now on the 161.75-162.40 support
region. The bull channel base comes in around 162.09 this week with bears
needing a close below 162.06 to confirm a break and below 161.75 to shift focus
back to 161.02-26 where the 55-DMA is noted. Bulls now look for a close above
162.70 to gain breathing room and above 162.39 to target 164.19-32.

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