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(Z17) Bulls Comforted By DMAs............>

BUND TECHS
BUND TECHS: (Z17) Bulls Comforted By DMAs Supporting
*RES 4: 163.63 High Nov 8
*RES 3: 163.40 High Nov 9
*RES 2: 163.22 Hourly support Nov 8 now resistance
*RES 1: 163.08 High Nov 15
*PREVIOUS CLOSE: 162.84
*SUP 1: 162.38 21-DMA
*SUP 2: 161.96 55-DMA
*SUP 3: 161.63 Low Oct 27
*SUP 4: 161.55 Daily Bull channel base
*COMMENTARY: The contract is now finding support around the 21-DMA having
bounced form a dip below the 55-DMA last week. Bulls continue to look for a
close above 163.08 to reconfirm immediate focus on 163.63. Bears now look for a
close below the 21-DMA to ease bullish pressure and below the 55-DMA to shift
focus back to the daily bull channel base off July lows. Daily studies are well
placed for a fresh leg higher.

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