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(Z18) Testing Trendline Support *RES 4:...>

JGB TECHS
JGB TECHS: (Z18) Testing Trendline Support
*RES 4: 120-18 Descending trendline (off May and Aug highs)
*RES 3: 119-27 Former range top (Jul/Aug)
*RES 2: 119-25 100-DMA
*RES 1: 119-116+ Ascending Trendline (off May and Aug lows)
*PRICE: 119-06 @ 15:47 GMT, Sep 14
*SUP 1: 119-06 Ascending trendline (off Jun and Aug lows)
*SUP 2: 119-02 Low Aug 1
*SUP 3: 118-29+ Low Jun 13 (Continuous contract)
*SUP 4: 118-10+ Low May 17 (Continuous contract)
Thursday's failed recovery and the reversal to 119-06 has led to a test of
ascending trendline support off Jun & Aug lows. Despite this, outright bearish
signals remain suggesting further declines to come. Next support remains at the
bottom of Jun-Sep trading range at 119-06. Below here bears will focus on
support at lows of Aug (119-02) and Jun (118-29+). Bulls first need to reclaim
the 100-DMA, before challenging descending trendline resistance at 120-18.

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