(H9) Neutral Close *RES 3: 165.00........>

BUND TECHS: (H9) Neutral Close

*RES 3: 165.00 Inverse head-and-shoulders target

*RES 2: 164.15 High May 29 (continuation chart)

*RES 1: 164.01 High Dec 20

*PRICE: 163.45 @ 21:05 GMT Dec 21

*SUP 1: 162.53/83 Low Dec 13/21-dma

*SUP 2: 161.88 Low Dec 3

*SUP 3: 161.32 Low Nov 23

Bund futures eased off the Thursday high for much of the Friday session Friday

(Dec21) to finish the week and the final full trading session before Christmas

on a largely neutral tone. Nonetheless, short and medium-term momentum

indicators continue to point higher, with Bunds comfortably within the bounds of

the bullish trend channel that's dictated play since early October. To the

downside, Bears now target the Dec 12 low/21-dma at 162.53/83, below which would

shift the outlook negative and open the Dec 3 lows at 161.88.