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(H18) Lacking Topside Follow Through,....>

BUND TECHS
BUND TECHS: (H18) Lacking Topside Follow Through, 163.17 Support Key
*RES 4: 164.80 Daily Bull channel top (off Oct 25 low)
*RES 3: 163.93 Daily Bull channel top (off Sept low)
*RES 2: 163.89 Low June 1 now resistance (Cont)
*RES 1: 163.78 High Dec 11
*PREVIOUS CLOSE: 163.51
*SUP 1: 163.17 Low Dec 8
*SUP 2: 162.79 Hourly support Dec 5
*SUP 3: 162.64 Alternating hourly support/resistance
*SUP 4: 162.42 Daily Bull channel base (off Oct 25 low)
*COMMENTARY: Fresh 6mth highs lacked follow through, capped by the Bollinger top
(163.88) and ahead of a bull channel top. Bears continue to look for a close
below 163.17 to ease bullish pressure and below 162.64 to shift focus to layers
of support 161.93-162.42 where the 55-DMA (161.96) & a channel base are located.
While 163.17 supports bulls remain focused on daily bull channel tops with a
close above 163.93 to add to bullish confidence.

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