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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: 161.86 High Dec 22
*PREVIOUS CLOSE: 161.64
*SUP 1: 161.49 Monthly Low Nov 14
*SUP 2: 161.39 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 163.78 high resulted in a sharp sell-off and
bearish closes that see focus now on 161.39-49 where the bull channel base & Nov
monthly low are noted. The Bollinger base (161.63) is the key concern for bears
with potential to limit follow through. Layers of resistance accumulating are
weighing. Bulls now need a close above 161.86 to ease immediate bearish pressure
and above 162.15 to shift immediate focus back to 162.79.

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