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(Z17) Bears Focused On 21 & 55-DMAs......>

BUND TECHS
BUND TECHS: (Z17) Bears Focused On 21 & 55-DMAs
*RES 4: 163.43 Monthly high Sept 8
*RES 3: 162.89 Low Sept 11 now resistance
*RES 2: 162.78 High Oct 17
*RES 1: 162.56 High Oct 19
*PREVIOUS CLOSE: 162.12
*SUP 1: 162.04 Low Oct 19
*SUP 2: 161.85 Hourly resistance Oct 13 now support
*SUP 3: 161.61 55-DMA 
*SUP 4: 161.52 21-DMA
*COMMENTARY: A double daily top has been left in place and combined with daily
studies looking to correct from O/B hints at a correction initially targeting
161.52-61 where the 21 & 55-DMS are situated. Overall bears need a close below
the 21-DMA to confirm pressure on 160.95-161.07 where the daily bull channel
base and 100-DMA are situated. Bulls continue to look for a close above 162.89
to reconfirm the bullish bias and target 163.43.

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