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(H19) Bulls Show Their Strength *RES.....>

BUND TECHS
BUND TECHS: (H19) Bulls Show Their Strength
*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: 163.50 Measured move from double bottom formation 
*PREVIOUS CLOSE: 162.55 
*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: 160.35 55-dma 
Bund futures dipped as low as 161.88 yesterday at the open before recovering
their losses and more to close at fresh cycle highs. The next upside target
comes in at the 163.50 level marking the measured move from the double-bottom
formation established in Sep and Oct. Bears need to break back below 161.88 to
shift the outlook neutral and target the 161.32 Nov 23 low. Below here opens up
trendline support from the Oct lows which comes in at 161.10.

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