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(H18) Focus Now On 162.79-89 *RES 4:.....>

BUND TECHS
BUND TECHS: (H18) Focus Now On 162.79-89
*RES 4: 163.27 Low Dec 18 now resistance
*RES 3: 162.89 21-DMA
*RES 2: 162.79 Hourly support Dec 5 now resistance
*RES 1: 162.66 Hourly resistance Dec 19
*PREVIOUS CLOSE: 162.36
*SUP 1: 162.31 55-DMA
*SUP 2: 162.03 Hourly resistance Dec 27 now support
*SUP 3: 161.49 Monthly Low Nov 14
*SUP 4: 161.72 Daily Bull channel base (off Sept 28 low)
*COMMENTARY: Bears failed to trouble the bull channel base off Sept lows with
the aggressive bounce and bullish close easing bearish pressure and returning
immediate focus to 162.79-89. Bull snow need a close above the 21-DMA to shift
focus back to tests of 163.78 Dec highs. Support layers have followed the
contract higher. Bears now need a close below 162.03 to ease bullish pressure
and return focus to tests of the bull channel base.

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