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(H19) Extending Gains *RES 4: 165.00.....>

BUND TECHS
BUND TECHS: (H19) Extending Gains
*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: 163.16 
*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 extended gains yesterday to close at fresh cycle highs as bulls
keep the focus on 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, but
upward momentum remains strong for now.

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