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(U18) Bears Need Close Below 162.26......>

BUND TECHS
BUND TECHS: (U18) Bears Need Close Below 162.26
*RES 4: 164.52 Low Sept 1 now resistance
*RES 3: 164.33 Weekly Bear channel top off 2016 high
*RES 2: 164.19 2018 High May 29
*RES 1: 163.26 High July 19
*PREVIOUS CLOSE: 163.14
*SUP 1: 162.70 Low July 19
*SUP 2: 162.57 21-DMA
*SUP 3: 162.40 Low July 11
*SUP 4: 162.26 Low July 10
*COMMENTARY: The break of 163.22 has lacked follow through although bullish
focus has now shifted to the 164.19-52 region where the weekly bear channel top
off 2016 highs is situated. Very narrowed Bollinger bands increase the risk of a
break out in coming sessions. The 21-DMA is noted at 162.57 but bears look for a
close below 162.26 to confirm a break of the 21-DMA and shift initial focus to
161.26-75. Bulls now need a close above 163.26 to add support to their case.

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