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

BUND TECHS
BUND TECHS: (H18) Bears Need Close Below Bull Channel Base
*RES 4: 162.84 21-DMA
*RES 3: 162.79 Hourly support Dec 5 now resistance
*RES 2: 162.66 Hourly resistance Dec 19
*RES 1: 162.37 High Dec 27
*PREVIOUS CLOSE: 161.68
*SUP 1: 161.49 Monthly Low Nov 14
*SUP 2: 161.39 Daily Bull channel base (off Sept 28 low)
*SUP 3: 160.80 High Oct 25 now support
*SUP 4: 160.16 Monthly Low Oct 2
*COMMENTARY: Bulls failed to capitalise on the close above the 55-DMA (162.33)
with the sell-off and bearish close Thursday returning pressure to the daily
bull channel base. Bears continue to look for a close below the bull channel
base to end bullish hopes and shift focus to tests of 159.78-160.26 where
monthly lows are located. Bulls now need a close above 132.37 to ease bearish
pressure and above the 21-DAM to shift focus back to tests of 163.78 Dec highs.

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