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

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.