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(H18) Double Daily Top In Play *RES 4:...>

BUND TECHS
BUND TECHS: (H18) Double Daily Top In Play
*RES 4: 164.61 Daily Bull channel top (off Oct 25 Low)
*RES 3: 163.89 Low June 1 now resistance (Cont)
*RES 2: 163.85 Daily Bull channel top (off Sept Low)
*RES 1: 163.67 High Dec 1
*PREVIOUS CLOSE: 163.43
*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: 162.20 Hourly support Nov 30
*COMMENTARY: Wednesday's topside failure around last week's high leaves a double
daily top in play. The Bollinger top (163.58) is a concern for bulls and
currently limits follow through. Bears now need a close below 163.18 to ease
bullish pressure and below 162.64 to shift focus to layers of support 161.49-93
where the 55-DMA is located. Bulls need a close above 163.67 to reconfirm a
bullish bias and shift overall focus to the MT bull channel top (164.61).

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