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(Z17) 162.36-46 Support Key Today *RES...>

BUND TECHS
BUND TECHS: (Z17) 162.36-46 Support Key Today
*RES 4: 163.63 High Nov 8
*RES 3: 163.40 High Nov 9
*RES 2: 163.22 Hourly support Nov 8 now resistance
*RES 1: 163.16 High Nov 20
*PREVIOUS CLOSE: 162.87
*SUP 1: 162.82 Hourly support Nov 17
*SUP 2: 162.46 21-DMA
*SUP 3: 162.36 Hourly support Nov 14
*SUP 4: 161.98 55-DMA
*COMMENTARY: A lack of topside follow through to start the new week was less
than ideal for bulls who are currently focused on 163.63 Nov highs so far. 55 &
21-DMAs have supported in recent weeks with bears now needing a close below
162.36 to confirm a break of the 21-DMA and ease bullish pressure. Focus then
shifts to 161.59-98 where the 55-DMA and daily bull channel base off July lows
are situated. Bulls now look for a close above 163.16 to add to confidence.

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