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(H19) Struggling TO Hit New Highs *RES...>

BUND TECHS
BUND TECHS: (H19) Struggling TO Hit New Highs
*RES 4: 165.00 Inverse head-and-shoulders target 
*RES 3: 163.88 High Aug 17 (continuation chart) 
*RES 2: 163.50 Measured move from double bottom formation 
*RES 1: 162.05 High Nov 27 
*PREVIOUS CLOSE: 161.70 
*SUP 1: 161.32 Low Nov 23 
*SUP 2: 161.10 Up trendline support from Oct lows 
*SUP 3: 160.22 55-dma 
*SUP 4: 159.93 Low Nov 8 
Mar-19 Bund futures failed to break higher yesterday and the weak close shifts
attention back to the downside. Initial support is placed at last Friday's low
at 161.32, ahead of up trendline support from the Oct lows which comes in at
161.10. Below here targets the 55-dma at 160.22. Bulls need a break above
yesterday's high at 162.05 to reignite upside momentum towards the double bottom
target up at 163.50. 

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