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(Z18) Strong Close But Downtrend.........>

BUND TECHS
BUND TECHS: (Z18) Strong Close But Downtrend Intact
*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: 158.69 
*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 managed to close off their lows at 158.69, giving bulls some
home of short-term stability ahead of the key Aug 1 lows. That said, the bearish
trend remains intact and a break below the Aug 1 low would suggest a further
medium-term weakness. Bulls need a break above the 100-dma at 159.10 to regain
some breathing room but would need overcome the Sep 12 high at 159.79 to return
the outlook to neutral.

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