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(H18) Lacks Follow Through Above.........>

BUND TECHS
BUND TECHS: (H18) Lacks Follow Through Above 100-DMA
*RES 4: 162.48 21-DMA
*RES 3: 162.33 High Dec 27
*RES 2: 162.04 High Jan 8
*RES 1: 161.90 Hourly resistance Jan 8
*PREVIOUS CLOSE: 161.76
*SUP 1: 161.39 Low Jan 8
*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: The bounces from ahead of last week's low are less than ideal with
daily studies correcting from O/S. Bears take comfort in the lack of follow
through above the 100-DMA (161.85) with bulls now needing a close above the
21-DMA to hint at a move back to 163.78 Dec highs with above 162.79 confirming.
The 161.18-39 support is key. Bears look for a close below 161.18 to reconfirm
the bearish bias and add weight to the case for a test of 159.78-160.26.

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