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BUND TECHS
BUND TECHS: (Z17) Key 161.66 Level The Clue To Intraday Direction
*RES 4: 163.07/08 Hourly recovery highs Sep 8
*RES 3: 162.88/91 Opening gap Sep 8-Sep 11
*RES 2: 162.64/66 Sep 11 low, broken 7 week support line
*RES 1: 162.35/40 Hourly resistance
*PRICE: 161.77 @1130GMT                                   
*SUP 1: 161.66/72 Sep 1 low, Aug 11 high
*SUP 2: 161.50 Aug 25 low
*SUP 3: 161.14/18 Aug 18 low, 38.2% Fibo of 157.55-163.43
*SUP 4: 160.80 1% volatility band
*COMMENTARY* Friday's rise was stalled at 163.43, just ahead of the swing target
at 163.52. Now undergoing some correction and with the loss of the 7 week rising
support line, at 162.66 today, pressure is back on the downside. A sustained
break below 162.04-161.96 and there is not then much until the next key level
below, the Sep 1 low at 161.66. In the meantime, look to 162.35-40 and then
Monday's 162.64 low for immediate resistance.

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