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(Z18) Downtrend Gathering Pace *RES.....>

BUND TECHS
BUND TECHS: (Z18) Downtrend Gathering Pace 
*RES 4: 161.33 High Aug 17 
*RES 3: 160.98 High Sep 3 
*RES 2: 160.48 High Sep 6 
*RES 1: 159.78 High Sep 12 
*PREVIOUS CLOSE: 158.68 
*SUP 1: 158.37 Low Aug 1 
*SUP 2: 157.17 Low June 14 
*SUP 3: 156.90 Low June 12 
*SUP 4: 154.70 Low May 17 
Dec-18 Bund futures posted weak close yesterday, breaking firmly below the
100-dma at 159.07 to keep the focus firmly on the Aug 1 lows at 158.37. A break
below here would suggest further medium-term weakness. Bulls need a break above
the 100-dma to regain some breathing room and overcome the Sep 12 high at 159.79
to return the outlook to neutral. Above the Sep 6 high at 160.48 would be needed
to shift the focus higher to target the 160.98 Sep 3 high.

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