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(H18) Bears Need Close Below 163.25......>

BUND TECHS
BUND TECHS: (H18) Bears Need Close Below 163.25
*RES 4: 164.06 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: 163.61 Hourly resistance Dec 15
*PREVIOUS CLOSE: 163.30
*SUP 1: 163.25 Hourly Breakout level Dec 14
*SUP 2: 162.90 Low Dec 14
*SUP 3: 162.79 Hourly support Dec 5
*SUP 4: 162.73 Daily Bull channel base (off Oct 25 low)
*COMMENTARY: Hesitation ahead of last week's high is a concern with the
Bollinger top (163.92) and modestly O/B studies key concerns. Bulls continue to
look for a close above 163.78 to confirm focus on bull channel tops
164.06-165.12. The 163.25 support remains key. Bears need a close below to
pressure 162.73-163.05 where the bull channel base off Oct 25 lows and the
21-DMA are located. Below the channel base initially targets 161.49-162.20.

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