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(U18) Declines Appear Corrective *RES....>

BUND TECHS
BUND TECHS: (U18) Declines Appear Corrective
*RES 4: 164.19 High May 29 
*RES 3: 163.92 High December 1, 2017 (Continuation chart) 
*RES 2: 163.88 High Aug 17 
*RES 1: 163.45 High Aug 22 
*PREVIOUS CLOSE: 163.13 
*SUP 1: 162.69 Low Aug 10 
*SUP 2: 162.30 55-dma 
*SUP 3: 161.98 Low Aug 8 
*SUP 4: 160.86 Low Aug 1 
Bears lost momentum on Friday as heavy losses were recovered to leave Bunds flat
on the day. Resistance-turned-support form the May 29 peak appears to be doing
its job, which shifts the focus back to the upside this week. Bulls need to
recover the August 22 high to reaffirm the bullish trend, while bears need to
overcome 162.60 to see the selloff extend. 

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