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(Z17) Bears Now Need Close Below.........>

BUND TECHS
BUND TECHS: (Z17) Bears Now Need Close Below 161.66
*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: 161.92
*SUP 1: 161.66 Low Sept 1
*SUP 2: 161.14 Low Aug 18
*SUP 3: 160.70 Daily Bull channel base
*SUP 4: 160.57 100-DMA
*COMMENTARY: Bears have capitalised on Friday's sell-off with losses Tuesday
resulting in a close below the 21-DMA (162.03) and pressure on the 161.66
support. Bears now need a close below 161.66 to shift focus to 160.37-70 where
55 & 100-DMAs and the longer-term bull channel base off July lows are noted.
Layers of resistance are weighing with bulls now needing a close above 162.47 to
ease bearish pressure and above 162.89 to shift initial focus back to 163.43-89.

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