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(H18) Bears Need Close Below 163.18......>

BUND TECHS
BUND TECHS: (H18) Bears Need Close Below 163.18
*RES 4: 164.68 Daily Bull channel top (off Oct 25 low)
*RES 3: 163.89 Low June 1 now resistance (Cont)
*RES 2: 163.88 Daily Bull channel top (off Sept low)
*RES 1: 163.67 Highs Dec 1 & 7
*PREVIOUS CLOSE: 163.51
*SUP 1: 163.18 Hourly resistance Dec 5 now support
*SUP 2: 162.79 Hourly support Dec 5
*SUP 3: 162.64 Alternating hourly support/resistance
*SUP 4: 162.29 Daily Bull channel base (off Oct 25 low)
*COMMENTARY: Pressure remains on the 163.67 weekly high with the Bollinger band
top (163.69) the key concern with potential to limit follow through. A break
higher initially targets the top of the channel off Sept lows and then the top
of the channel off Oct 25 lows. Bears still need a close below 163.18 to ease
bullish pressure and below 162.64 to shift focus to layers of support
161.87-162.29 where the 55-DMA & a channel base are located.

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