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(H18) Bulls Need Close Above 160.80......>

BUND TECHS
BUND TECHS: (H18) Bulls Need Close Above 160.80
*RES 4: 162.04 High Jan 8
*RES 3: 161.56 Hourly support Jan 9 now resistance
*RES 2: 160.80 Alternating support/resistance
*RES 1: 160.68 Hourly resistance Dec 11
*PREVIOUS CLOSE: 160.54
*SUP 1: 160.13 Bollinger band base
*SUP 2: 160.11 2018 Low Jan 12
*SUP 3: 159.78 Monthly Low Sept 28
*SUP 4: 158.73 2017 Low Mar 14
*COMMENTARY: Bears continue to look for a close below 159.78 to confirm focus on
tests of 2017 lows. The lack of downside follow through Friday is an issue with
daily studies at O/S levels and the Bollinger base limiting follow through.
Bulls still need a close above 160.80 to gain breathing room and above 162.37 to
end bearish hopes and hint at a move back to 163.78 Dec highs with above 162.79
confirming.

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