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(Z17) Above 162.04 To Shift Focus To.....>

BUND TECHS
BUND TECHS: (Z17) Above 162.04 To Shift Focus To 162.44-163.43
*RES 4: 162.89 Low Sept 11 now resistance
*RES 3: 162.56 High Oct 19
*RES 2: 162.44 55-WMA
*RES 1: 162.04 Low Oct 19 now resistance
*PREVIOUS CLOSE: 161.69
*SUP 1: 161.35 Alternating hourly support/resistance
*SUP 2: 160.92 100-DMA 
*SUP 3: 160.76 Low Oct 25
*SUP 4: 160.59 Low Oct 6
*COMMENTARY: The lack of follow through below the 100-DMA and hesitation ahead
of 160.59 has resulted in a break higher, easing bearish pressure with immediate
focus on 162.04. Bulls continue to look for a close above 162.04 to confirm
focus on layers of resistance 162.44-163.43 where WMAs, monthly highs, Bollinger
top and the bear channel top are situated. Layers of support are building with
bears needing a close below 161.35 to return focus to 160.59-76.

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