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(H18) 163.17 Support Continues To........>

BUND TECHS
BUND TECHS: (H18) 163.17 Support Continues To Confirm Significance
*RES 4: 163.93 Daily Bull channel top (off Sept low)
*RES 3: 163.89 Low June 1 now resistance (Cont)
*RES 2: 163.78 High Dec 11
*RES 1: 163.45 Hourly support Dec 12 now resistance
*PREVIOUS CLOSE: 163.35
*SUP 1: 163.17 Low Dec 8
*SUP 2: 162.85 21-DMA
*SUP 3: 162.79 Hourly support Dec 5
*SUP 4: 162.48 Daily Bull channel base (off Oct 25 low)
*COMMENTARY: Fresh 6mth highs lacked follow through Monday, capped by the
Bollinger top (163.85). The 163.17 support remains key. Bears continue to look
for a close below 163.17 to ease bullish pressure and below 162.79 to shift
focus to layers of support 161.93-162.00 where the 55-DMA (161.96) is located.
While 163.17 supports bulls remain focused on daily bull channel tops with a
close above 163.45 to add to bullish confidence.

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