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(U18) Narrowed Bollis Increase...........>

BUND TECHS
BUND TECHS: (U18) Narrowed Bollis Increase Breakout Risk
*RES 4: 162.95 Hourly support July 20 now resistance
*RES 3: 162.70 Low July 19 now resistance
*RES 2: 162.59 21-DMA
*RES 1: 162.25 Hourly resistance July 23
*PREVIOUS CLOSE: 161.98
*SUP 1: 161.75 Low July 11
*SUP 2: 161.26 Low June 21
*SUP 3: 161.08 55-DMA
*SUP 4: 160.22 High June 13 now support
*COMMENTARY: Bulls failed to capitalise on Thursday's gains with fresh 2mth
highs Friday aggressively reversed. Losses continued Monday with the close below
the bull channel base pressuring 161.75. Bears continue to look for a close
below 161.75 to shift focus back to 161.08-26 where the 55-DMA is noted. Layers
of resistance accumulating adds to bearish confidence. Bulls now need a close
above 162.70 to shift focus back to 163.39-164.19.

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