(U18) Still Struggling For Momentum.......>

JGB TECHS: (U18) Still Struggling For Momentum

*RES 4: 151.13 - High May 30 (Continuation chart)

*RES 3: 150.71 - 200-DMA (Continuation chart)

*RES 2: 150.58 - High Aug 22

*RES 1: 150.51 - 50-DMA (Continuation chart)

*PRICE: 150.34 @ 17:00 GMT, Sep 10

*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart)

*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart)

*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)

*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)

A recovery early Friday was dashed, with the daily downside reversal keeping the

outlook bearish. A medium-term bullish case would have to see higher highs

(represented by the Aug 22 high of 150.58) and higher lows in a continued

recovery triggered by the Aug 2 daily reversal, but this would first require a

move through 50-DMA at 150.51. That would opening a cluster of moving average

tests at 100-DMA at 150.66 and 200-DMA at 150.71.