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(H18) Layers of Resistance...............>

BUND TECHS
BUND TECHS: (H18) Layers of Resistance 161.56-162.37
*RES 4: 162.04 High Jan 8
*RES 3: 161.69 21-DMA
*RES 2: 161.56 Hourly support Jan 9 now resistance
*RES 1: 160.97 High Jan 16
*PREVIOUS CLOSE: 160.83
*SUP 1: 160.55 Hourly support Jan 16
*SUP 2: 160.11 2018 Low Jan 12
*SUP 3: 159.92 Bollinger band base
*SUP 4: 159.78 Monthly Low Sept 28
*COMMENTARY: Bulls take comfort in the marginal close above 160.80 easing
immediate bearish pressure. Layers of resistance remain 161.56-162.37 where key
DMAs are located. Bulls continue to look for a close above 162.37 to end bearish
hopes and hint at a move back to 163.78 Dec highs with above 162.79 confirming.
Bears now need a close below 160.55 to gain breathing room and retain focus on
158.47-159.78 where the 200-WMA is noted.

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