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(Z17) Above 161.06 To Ease Bearish.......>

BUND TECHS
BUND TECHS: (Z17) Above 161.06 To Ease Bearish Pressure
*RES 4: 161.62 Low Sept 26 now resistance
*RES 3: 161.44 Hourly support Sept 25a now resistance
*RES 2: 161.06 Hourly resistance Sept 27
*RES 1: 160.96 55-DMA
*PREVIOUS CLOSE: 160.90
*SUP 1: 160.67 Hourly support Sept 28
*SUP 2: 160.41 Bollinger band base
*SUP 3: 160.24 Low Sept 28
*SUP 4: 159.79 Low Aug 2
*COMMENTARY: The lack of follow through on the break of 160.50 and the 100-DMA
(160.73) is less than ideal for bears with the Bollinger base (160.41) remaining
the key concern. Bears now look for a close below 160.67 to ease pressure on the
55-DMA and below 160.24 to initially focus on 159.58-79. Bulls continue to look
for a close above 161.06 to confirm a break of the 55-DMA and gain breathing
room and above 162.15 to end bearish hopes and target 162.89-163.43.

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