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(M18) Bulls Still Need Close Above....>

EURIBOR TECHS
EURIBOR TECHS: (M18) Bulls Still Need Close Above 100.315
*RES 4: 100.320 - Monthly High Oct 
*RES 3: 100.318 - Bollinger band top 
*RES 2: 100.315 - Repeated daily highs Nov 
*RES 1: 100.312 - 21-DMA
*PREVIOUS CLOSE: 100.310
*SUP 1: 100.304 - 55-DMA
*SUP 2: 100.295 - Low Dec 1
*SUP 3: 100.292 - 100-DMA
*SUP 4: 100.285 - Repeated Daily lows Oct
*COMMENTARY: The lack of downside follow through Thursday saw the contract
recover to retest the 100.315 resistance repeatedly. Bulls look for a close
above 100.315 to confirm a break of the 21-DMA and above 100.320 to shift focus
to 100.335 where the old bull channel top is situated. While 100.315 caps bears
focus on a close below 100.285 to end bullish hopes and shift initial focus to
100.270-275.

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