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(Z17) Supported Around Channel Base......>

BUND TECHS
BUND TECHS: (Z17) Supported Around Channel Base For Now
*RES 4: 162.47 Alternating hourly support/resistance
*RES 3: 162.15 Hourly support Sept 12 now resistance
*RES 2: 161.82 High Sept 15
*RES 1: 161.51 Hourly resistance Sept 15
*PREVIOUS CLOSE: 161.05
*SUP 1: 160.97 Daily Bull channel base
*SUP 2: 160.86 Low Sept 18
*SUP 3: 160.59 100-DMA
*SUP 4: 160.52 55-DMA
*COMMENTARY: Losses continued Monday with the contract dipping marginally below
the channel base before finding support. Bears remain focused on 160.50-97 where
55 & 100-DMAs and channel base are located. Below the 55-DMA is needed to end
bullish hopes and hint at a test of 2017 lows with below 159.58 to confirm. The
Bollinger base (160.97) is the key concern for bears. Bulls now need a close
above 161.51 to ease bearish pressure and above 162.15 to shift focus higher.

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