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(U18) Decline Continues, 162.06-161.85...>

BUND TECHS
BUND TECHS: (U18) Decline Continues, 162.06-161.85 Next Supports
*RES 4: 163.39 Jul 20 high
*RES 3: 163.07/09 Hourly low/high Jul 20
*RES 2: 162.70 Jul 19 low, now resistance
*RES 1: 162.55/60 Hourly resistance
*PRICE: 162.09 @1525GMT
*SUP 1: 162.06 Jul 5 low
*SUP 2: 161.85 Jun 29 low, 38.2% Fibo of 159.39-163.39
*SUP 3: 161.38 50% Fibo of 159.39-163.39
*SUP 4: 161.04 1% volatility band
*COMMENTARY* The move through 163.20-163.30 resistance was not long lived, a
high of 163.39 last Friday, before giving back some ground pretty swiftly. Eyes
immediately on 162.45-162.44 support, today's loss spoils recent upside momentum
and suggests scope for a deeper correction with 162.06-161.85 now possible. In
the interim, initial resistance comes from 162.55-162.70, back above will
assist, 163.07-163.09 then the next barriers to cross.

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