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(Z17) 162.47 Resistance Key *RES 4:......>

BUND TECHS
BUND TECHS: (Z17) 162.47 Resistance Key
*RES 4: 163.11 Hourly resistance Sept 8
*RES 3: 162.89 High Sept 11
*RES 2: 162.47 Alternating hourly support/resistance
*RES 1: 162.15 Hourly support Sept 12 now resistance
*PREVIOUS CLOSE: 161.75
*SUP 1: 161.50 Low Aug 25
*SUP 2: 161.14 Low Aug 18
*SUP 3: 160.77 Daily Bull channel base
*SUP 4: 160.58 100-DMA
*COMMENTARY: Bears capitalised on Friday's sell-off with the contract gaining
traction below the 21-DMA (162.07) and remaining heavy. Layers of resistance
remain with bulls now needing a close above 162.15 to gain breathing room and
above 162.47 to shift focus back to 162.89-163.43. While 162.47 caps bears now
target 160.39-77 where 55 & 100-DMAs and the bull channel base are located.
Daily studies are well placed for further downside before O/S becomes an issue.

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