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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: 164.19 2018 High May 29
*RES 3: 163.25 Bollinger band top
*RES 2: 163.22 High July 13
*RES 1: 163.00 Hourly resistance July 13
*PREVIOUS CLOSE: 162.70
*SUP 1: 162.40 Low July 11
*SUP 2: 162.34 21-DMA
*SUP 3: 162.26 Low July 10
*SUP 4: 162.06 Low July 5
*COMMENTARY: Bulls failed to capitalise on Friday's 6wk highs with the contract
dipping back towards the 21-DMA. Bears look for a close below 162.26 to confirm
a break of the 21-DMA and shift initial focus to 161.26-75. While 162.26
supports bulls remain focused on tests of the 164.19-36 region where 2018 highs
and the weekly bear channel top off 2016 highs are located but continue to look
for a close above 163.22 to add support to their case.

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