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(Z17) 160.50 Support Key This Week.......>

BUND TECHS: (Z17) 160.50 Support Key This Week
*RES 4: 161.82 High Sept 15
*RES 3: 161.51 Hourly resistance Sept 15
*RES 2: 161.42 High Sept 18
*RES 1: 161.26 High Sept 22
*SUP 1: 160.88 Low Sept 22
*SUP 2: 160.73 55-DMA
*SUP 3: 160.66 Low Sept 21
*SUP 4: 160.64 100-DMA
*COMMENTARY: The correction from 163.43 has seen the contract pressure 55 &
100-DMAs before bouncing a little Thursday. Bears need a close below 160.50 to
confirm a break of key DMAs, ending bullish hopes and hinting at a test of 2017
lows with below 159.58 confirming. The Bolli base (160.66) 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 back to 162.89-163.43.

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