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

BUND TECHS
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.

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