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(H18) Hesitating Around 100-DMA *RES.....>

BUND TECHS
BUND TECHS: (H18) Hesitating Around 100-DMA
*RES 4: 162.55 21-DMA
*RES 3: 162.37 High Dec 27
*RES 2: 161.87 High Dec 29
*RES 1: 161.83 100-DMA
*PREVIOUS CLOSE: 161.62
*SUP 1: 161.50 Low Jan 5
*SUP 2: 161.18 Low Jan 2
*SUP 3: 160.80 High Oct 25 now support
*SUP 4: 160.26 Monthly Low Oct 2
*COMMENTARY: Pressure returning to the daily bull channel base took its toll
with bears focused on 159.78-160.26 and below 160.80 to add weight to their
case. O/S daily studies looking to correct and the Bollinger base (160.83)
remain key concerns for bears with potential to limit follow through. Bulls now
need a close above 161.87 to ease bearish pressure and above 162.37 to hint at a
move back to 163.78.

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