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(Z17) Narrowed Bollinger Bands Suggest...>

BUND TECHS
BUND TECHS: (Z17) Narrowed Bollinger Bands Suggest Breakout
*RES 4: 162.15 Hourly support Sept 12 now resistance
*RES 3: 162.07 High Sept 13
*RES 2: 161.82 High Oct 4
*RES 1: 161.68 High Oct 10
*PREVIOUS CLOSE: 161.29
*SUP 1: 161.13 Low Oct 10
*SUP 2: 161.03 Hourly support Oct 6
*SUP 3: 160.85 Hourly resistance Oct 6 now support
*SUP 4: 160.59 Low Oct 6
*COMMENTARY: The follow on from Friday's lack of follow through sees Z17
hesitating ahead of layers of 161.82-162.15. Bulls need a close above 161.82 to
gain breathing room and above 162.15 to target 163.43 Sept highs. While 161.82
caps bears retain the advantage but continue to look for a close below 161.03 to
add weight to their case and below 160.25 to initially pressure 159.58-79. Very
narrowed Bollinger bands suggest a break out in the near future.

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