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(Z17) Pressuring Bull Channel Base .......>

JGB TECHS
JGB TECHS: (Z17) Pressuring Bull Channel Base 
*RES 4: 151.37 - High Sept 8
*RES 3: 151.26 - High Sept 11
*RES 2: 151.09 - Hourly support Sept 12 now resistance
*RES 1: 150.99- Hourly resistance Sept 12
*PRICE: 150.88 @ 2130GMT
*SUP 1: 150.85 - Daily Bull channel base 
*SUP 2: 150.82 - 100-WMA 
*SUP 3: 150.66 - Low Aug 23 
*SUP 4: 150.58 - 100-DMA
*COMMENTARY: The lack of topside follow through Friday was a concern for bulls
given daily studies looking to correct from O/B adding weight to the case for a
correction. Immediate pressure has returned to the daily bull channel base and
100-WMA. Bears now look for a close below the 100-WMA to shift focus to
150.58-66 where the 100-DMA is noted. Bulls now need a close above 151.09 to
ease bearish pressure and return focus to 151.26-37.

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