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(Z17) 100-DMA Support Remains Key *RES...>

BUND TECHS
BUND TECHS: (Z17) 100-DMA Support Remains Key
*RES 4: 162.78 High Oct 17
*RES 3: 162.56 High Oct 19
*RES 2: 162.04 Low Oct 19 now resistance
*RES 1: 161.78 High Oct 23
*PREVIOUS CLOSE: 161.65
*SUP 1: 161.35 Low Oct 20
*SUP 2: 161.09 Daily Bull channel base
*SUP 3: 160.96 100-DMA 
*SUP 4: 160.59 Low Oct 6
*COMMENTARY: A double daily top combined with daily studies looking to correct
from O/B provided the setup for the sell-off Friday that sees bears focused on
the previously noted 160.96-161.09 where the daily bull channel base and 100-DMA
are situated. Below the 100-DMA hints at a move to 159.58-79 with below 160.24
to confirm. Bulls continue to look for a close above 162.04 to ease immediate
bearish pressure increase the risk of a correction back to 162.56-89.

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