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(H18) 163.17 Holds Initial Foray Lower...>

BUND TECHS
BUND TECHS: (H18) 163.17 Holds Initial Foray Lower
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 164.21 1.618 swing of 163.67-162.79
*RES 2: 163.78 Dec 11 high
*RES 1: 163.55/64 Hourly resistance, Dec 12 high
*PRICE: 163.32 @0915GMT
*SUP 1: 163.17/18 Dec 8, Dec 12 lows
*SUP 2: 163.00 Hourly congestion Dec 1-Dec 4
*SUP 3: 162.79 Dec 4 low
*SUP 4: 162.35 Nov 24 low
*COMMENTARY* Found the strength for a break through 163.67, a high of 163.78 on
Monday but unable to sustain it as yet. Ideally now looking for support from
above 163.17, if this is just a minor setback. Initial resistance now from
163.55-163.64 but above 163.78, and look to the swing target at the 164.21
level, before we reach the 76.4% Fibo retrace at 164.40. Below 163.17 will
disappoint and introduce corrective potential, beginning with 163.00-162.79.

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