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(Z17) 160.50-76 Support Region Key.......>

BUND TECHS
BUND TECHS: (Z17) 160.50-76 Support Region Key
*RES 4: 161.51 Hourly resistance Sept 15
*RES 3: 161.42 High Sept 18
*RES 2: 161.22 Hourly support Sept 20a now resistance
*RES 1: 161.01 Hourly support Sept 20 now resistance
*PREVIOUS CLOSE: 160.97
*SUP 1: 160.76 Low Sept 19
*SUP 2: 160.60 55-DMA, 100-DMA
*SUP 3: 160.50 Low Aug 16
*SUP 4: 159.79 Low Aug 2
*COMMENTARY: The correction from 163.43 continues to dip below the bull channel
base (161.10) with the 160.50-76 support region key. Bears need a close below
160.50 to confirm breaks of key supports, ending bullish hopes and hinting at a
test of 2017 lows with below 159.58 confirming. The Bolli base (160.85) is the
key concern for bears. Bulls still need a close above 161.51 to ease bearish
pressure and above 162.15 to shift focus higher, initially targeting 162.89.

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