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(H18) Focus Shifts To 161.31-93 Region...>

BUND TECHS
BUND TECHS: (H18) Focus Shifts To 161.31-93 Region
*RES 4: 163.20 Hourly support Dec 19 now resistance
*RES 3: 163.04 21-DMA
*RES 2: 162.79 Hourly support Dec 5 now resistance
*RES 1: 162.66 Hourly resistance Dec 19
*PREVIOUS CLOSE: 162.49
*SUP 1: 162.15 Low Dec 19, Bollinger band base
*SUP 2: 161.93 Low Nov 30
*SUP 3: 161.66 100-DMA
*SUP 4: 161.49 Monthly Low Nov 14
*COMMENTARY: Hesitation ahead of last week's high resulted in a sharp sell-off
and bearish close that sees focus now on 161.31-93 where the bull channel base,
monthly low and 100-DMA are noted. The Bollinger base is the key concern for
bears with potential to limit follow through. Layers of resistance accumulating
are weighing. Bulls now need a close above 162.79 to ease immediate bearish
pressure and above 163.20 to shift focus back to 163.78 Dec highs so far.

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