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(Z17) 163.14-163.43 Potential On.........>

BUND TECHS
BUND TECHS: (Z17) 163.14-163.43 Potential On Sustained Break Of 162.83
*RES 4: 163.75 1% volatility band
*RES 3: 163.43 Sep 8 high
*RES 2: 163.14 6 week bull channel top projection
*RES 1: 162.83/88 Oct 31, intraday highs
*PRICE: 162.66 @0950GMT                                   
*SUP 1: 162.24/25 Nov 2, Oct 30 lows
*SUP 2: 162.00 Oct 26 high, now support
*SUP 3: 161.63 Oct 27 low
*SUP 4: 161.24 Initial rally high Oct 26, now support
*COMMENTARY* Rally has continued today, moving slightly above the Oct 31 high to
reach 162.88 so far. Subsequently facing some near term overbought conditions,
which still see 162.24 as initial support. A hold above is required, in order to
retain recent upside momentum and stave off a deeper correction of recent gains
from last week's 160.76 base. Directly above 162.88 and the 6 week bull channel
projection at 163.14 is then the bar to a 163.43-163.75 rise.

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