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(H18) Immediate Focus On Channel Base....>

BUND TECHS
BUND TECHS: (H18) Immediate Focus On Channel Base
*RES 4: 162.79 Hourly support Dec 5 now resistance
*RES 3: 162.66 Hourly resistance Dec 19
*RES 2: 162.15 Low Dec 19 now resistance
*RES 1: 161.83 High Dec 21
*PREVIOUS CLOSE: 161.66
*SUP 1: 161.49 Monthly Low Nov 14
*SUP 2: 161.37 Daily Bull channel base (off Sept 28 low)
*SUP 3: 160.80 High Oct 25 now support
*SUP 4: 160.16 Monthly Low Oct 2
*COMMENTARY: Hesitation ahead of last week's high resulted in a sharp sell-off
and bearish closes that see focus now on 161.37-49 where the bull channel base &
Nov monthly low are noted. The Bollinger base (161.78) is the key concern for
bears with potential to limit follow through. Layers of resistance accumulating
are weighing. Bulls now need a close above 161.83 to ease immediate bearish
pressure and above 162.15 to shift focus back to 162.79.

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