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(Z17) Bears In Control While 162.15......>

BUND TECHS
BUND TECHS: (Z17) Bears In Control While 162.15 Caps
*RES 4: 161.62 Low Sept 26 now resistance
*RES 3: 161.44 Hourly support Sept 25a now resistance
*RES 2: 161.31 High Sept 29
*RES 1: 161.14 Hourly resistance Sept 29
*PREVIOUS CLOSE: 161.00
*SUP 1: 160.79 Low Sept 29
*SUP 2: 160.32 Bollinger band base
*SUP 3: 160.24 Low Sept 28
*SUP 4: 159.79 Low Aug 2
*COMMENTARY: The bounce Thursday was followed up with a spike higher to end the
week although the lack of follow through is less than ideal. Bulls now need a
close above 161.44 to shift initial focus to 161.75-162.15 and above 162.15 to
target 163.43 Sept highs. While 162.15 caps bears retain the upper hand and look
for a close below 159.58 to confirm focus on tests of 157.55 July lows. Bears
need a close below 160.79 to add weight to their case.

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