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(U18) Clinging To 55-DMA *RES 4:.........>

BUND TECHS
BUND TECHS: (U18) Clinging To 55-DMA
*RES 4: 162.70 Low July 19 now resistance  
*RES 3: 162.47 21-DMA 
*RES 2: 162.30 High July 30 
*RES 1: 162.05 High July 31 
*PREVIOUS CLOSE: 161.59 
*SUP 1: 161.47 55-DMA 
*SUP 2: 161.41 Low July 31 
*SUP 3: 161.32 Low July 30 
*SUP 4: 161.26 Low June 26 
The contract remains locked between its 21-DMA and 55-DMA, with a downside break
looking increasingly likely. Bears are in the ascendency following the reversal
from the July 20 high and bulls need a rise back above yesterday's high of
162.05 to gain some breathing room and prevent the emergence of a bearish trend.

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