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(H19) Bullish Exhaustion *RES 4:........>

BUND TECHS
BUND TECHS: (H19) Bullish Exhaustion 
*RES 4: 165.00 Inverse head-and-shoulders target 
*RES 3: 164.15 High May 29 (continuation chart) 
*RES 2: 163.88 High Aug 17 (continuation chart) 
*RES 1: 163.34 High Dec 5 
*PREVIOUS CLOSE: 162.86 
*SUP 1: 161.88 Low Dec 3 
*SUP 2: 161.32 Low Nov 23 
*SUP 3: 161.10 Up trendline support from Oct lows 
*SUP 4: 160.48 55-dma 
Bund futures posted new highs in early trading yesterday before giving back
gains to suggest a potential reversal pattern. The uptrend remains intact for
now with bears needing a break below 161.88 to shift the outlook neutral and
target the 161.32 Nov 23 low. Bulls look to take out yesterday's high at 163.34
to reignite upside momentum and open the Aug 17 highs on the continuation chart.

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