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(Z17) 98.495 Key Today *RES.....>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (Z17) 98.495 Key Today
*RES 4: 98.545 - High Sept 20 
*RES 3: 98.525 - Repeated daily highs Sept 
*RES 2: 98.516 - 200-DMA 
*RES 1: 98.495 - High Oct 6
*PRICE: 98.485 @ 0930GMT
*SUP 1: 98.470 - Low Apr 24
*SUP 2: 98.445 - Low Apr 10
*SUP 3: 98.425 - Low Mar 31
*SUP 4: 98.394 - Daily Bear channel base
*COMMENTARY: The contract is currently flirting with the bear channel top
(98.478) with bulls now looking for a close above 98.495 to confirm a break and
shift focus to 98.516-525 where 21 & 200-DMAs are situated. Overall a close
above 98.565 is needed to end bearish hopes and target 98.595-98.635. Bears
remain focused on 98.394-425 where the daily bear channel base is noted and look
for a close below 98.470 to add weight to their case.

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