(U18) Bulls Have It All To Do *RES 4:.....>

JGB TECHS: (U18) Bulls Have It All To Do

*RES 4: 151.13 - High May 30 (Continuation chart)

*RES 3: 150.72 - 200-DMA

*RES 2: 150.80 - High July 31

*RES 1: 150.54 - 50-DMA (Continuation chart)

*PRICE: 150.32 @ 16:52 GMT

*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart)

*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart)

*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)

*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)

The outlook remains bearish, though JGBs have recovered from the drop to a

three-week low of 150.22, defying near-term bears looking for a fall through the

Jul 7 2017 spike low on the continuous contract at 149.65. Over the medium-term,

bulls have it all to do, with 50-DMA at 150.54 opening a cluster of moving

average tests at 100-DMA at 150.67 and 200-DMA at 150.72 that will need to be

broken to reverse the bearish trend.