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(U18) Below 162.26 To Shift Focus........>

BUND TECHS
BUND TECHS: (U18) Below 162.26 To Shift Focus Lower
*RES 4: 164.52 Low Sept 1 now resistance
*RES 3: 164.19 2018 High May 29
*RES 2: 163.32 Bollinger band top
*RES 1: 163.22 High July 13
*PREVIOUS CLOSE: 162.95
*SUP 1: 162.82 High July 12 now support
*SUP 2: 162.40 Low July 11
*SUP 3: 162.28 21-DMA
*SUP 4: 162.26 Low July 10
*COMMENTARY: Fresh 6-week highs to end the week add support to the case for a
test of the 164.19-54 region where 2018 highs and the weekly bear channel top
off 2016 highs is located. Bulls need a close above the bear channel top to
shift focus to 166.40 2017 highs. Bears now need a close below 162.82 to gain
breathing room and below 162.26 to confirm a break of the 21-DMA and shift
initial focus to 161.26-75.

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