(H18) Pressure Remains On Last Week's....>

BUND TECHS: (H18) Pressure Remains On Last Week's Highs

*RES 4: 165.05 Daily Bull channel top (off Oct 26 low)

*RES 3: 164.03 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: 163.57

*SUP 1: 163.37 Low Dec 15

*SUP 2: 163.25 Hourly Breakout level Dec 14

*SUP 3: 162.90 Low Dec 14

*SUP 4: 162.79 Hourly support Dec 5

*COMMENTARY: Follow through remains lacking on dips with H18 having found

support around the 21-DMA (163.01) and bulls focused on 163.78-164.03 where a

bull channel top is noted. The Bollinger top (163.89) remains the key concern

for bulls. Bears still need a close below 163.25 to pressure 162.67-163.01 where

the bull channel base off Oct 25 lows and the 21-DMA are located. Below the

channel base initially targets 161.47-162.15 where 55 & 100-DMAs are situated.