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(Z17) Immediate Focus On Channel Top.....>

BUND TECHS
BUND TECHS: (Z17) Immediate Focus On Channel Top
*RES 4: 164.50 Low June 8 now resistance
*RES 3: 163.89 Low June 1 now resistance
*RES 2: 163.21 Daily Bull channel top A
*RES 1: 162.93 High Aug Sept 5
*PREVIOUS CLOSE: 162.87
*SUP 1: 162.71 Hourly resistance Sept 5 now support
*SUP 2: 162.47 Hourly resistance Sept 5a now support
*SUP 3: 161.96 Low Sept 5
*SUP 4: 161.66 Low Sept 1
*COMMENTARY: The rally Tuesday sees bulls regain the upper hand and reconfirm a
bullish bias with initial focus on the daily bull channel top. A close above
then targets 163.89-164.50. The Bollinger top (162.84) is the key concern for
bulls and currently limits follow through. Layers of support are building. Bears
now need a close below 162.47 to ease bullish pressure and below 161.66 to end
bullish hopes and shift focus back to 160.30-50 where 55 & 100-DMAs are noted.

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