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(H18) 163.31-163.17 Becomes Important....>

BUND TECHS
BUND TECHS: (H18) 163.31-163.17 Becomes Important Near Term Support
*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: 163.99 1.618 swing of 163.32-162.24
*RES 1: 163.78 Dec 11 high
*PRICE: 163.49 @0908GMT
*SUP 1: 163.31 Hourly support
*SUP 2: 163.17 Dec 8 low
*SUP 3: 163.00 Hourly congestion
*SUP 4: 162.79 Dec 4 low
*COMMENTARY* Finally 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 163.31-163.17, if this is just a minor setback. Above 163.78, still
has the first of two swing targets at 163.99 next, with the second at the higher
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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