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(U18) Key 162.45-162.44 Support Gives....>

BUND TECHS
BUND TECHS: (U18) Key 162.45-162.44 Support Gives Way
*RES 4: 163.39 Jul 20 high
*RES 3: 163.20 Jul 18 high
*RES 2: 163.02 Initial low Jul 20, now resistance
*RES 1: 162.70/80 Hourly resistance
*PRICE: 162.32 @0723GMT
*SUP 1: 162.23/26 Intraday, Jul 10 lows
*SUP 2: 162.06 Jul 5 low
*SUP 3: 161.85 Jun 29 low, 38.2% Fibo of 159.39-163.39
*SUP 4: 161.38 50% Fibo of 159.39-163.39
*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 162.26-161.85 then possible. In
the interim, initial resistance comes from 162.70-162.80, back above will
assist, 163.02-163.20 then the next barriers to cross.

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