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(Z17) Closes Below 55 & 100-WMAs *RES....>

BUND TECHS
BUND TECHS: (Z17) Closes Below 55 & 100-WMAs
*RES 4: 163.89 Low June 1 now resistance
*RES 3: 163.43 High Sept 8
*RES 2: 163.11 Hourly resistance Sept 8
*RES 1: 162.89 High Sept 11
*PREVIOUS CLOSE: 162.70
*SUP 1: 162.56 Daily Bull channel base B
*SUP 2: 162.47 Hourly resistance Sept 7 now support
*SUP 3: 162.22 Low Sept 7
*SUP 4: 162.00 21-DMA
*COMMENTARY: Bears have capitalised on Friday's sell-off with losses continuing
Monday. Closes below the 55 (162.85) & 100 (162.82) WMAs add weight to the
bearish case for a correction initially targeting 161.66-00 where the 21-DMA is
located. Bears now need a close below 161.66 to shift focus to 160.35-64 where
55 & 100-DMAs and the longer term bull channel base are noted. Bulls need a
close above 163.11 to gain breathing room and return initial focus to 163.43.

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