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(Z17) 161.44-162.15 Resistance Region....>

BUND TECHS: (Z17) 161.44-162.15 Resistance Region Key
*RES 4: 161.66 21-DMA
*RES 3: 161.62 Low Sept 26 now resistance
*RES 2: 161.44 Hourly support Sept 25a now resistance
*RES 1: 161.37 High Oct 2
*SUP 1: 160.91 Hourly resistance Oct 3 now support
*SUP 2: 160.65 Low Oct 3
*SUP 3: 160.24 Low Sept 28
*SUP 4: 160.22 Bollinger band base
*COMMENTARY: Downside follow through has been lacking on dips the past few days
with pressure returning to the key 161.44-162.15 resistance region. Bulls
continue to look for a close above 161.44 to confirm an easing of bearish
pressure and above 162.15 to target 163.43 Sept highs. Bears now look for a
close below Tuesday's 160.65 low to ease pressure on resistance layers and below
160.24 to reconfirm a bearish bias initially targeting 159.58-79.

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