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(Z17) Layers of Resistance 150.39-70 .....>

JGB TECHS
JGB TECHS: (Z17) Layers of Resistance 150.39-70 
*RES 4: 150.51 - 100-DMA
*RES 3: 150.46 - 200-DMA
*RES 2: 150.42 - 21-DMA
*RES 1: 150.39 - Hourly support Oct 20 now resistance
*PRICE: 150.35 @ 2030GMT
*SUP 1: 150.28 - Hourly support Oct 23 
*SUP 2: 150.10 - Bollinger band base 
*SUP 3: 150.08 - Low Oct 3 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Sideways trading defined most of last week with the contract capped
ahead of layers of resistance 150.46-51 where 100 & 200-DMAs are located. The
21-DMA capped Friday with a close below 150.26 shifting focus to 150.06-08
supports this week. Below 150.06 shifts overall focus back to 149.65 July lows.
Bulls need a close above 150.39 to return pressure to 150.43-51 and above the
55-DMA (150.70) to end bearish hopes and target 150.96-151.01.

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