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(Z17) Bulls Remain Focused On............>

BUND TECHS
BUND TECHS: (Z17) Bulls Remain Focused On 163.40-63
*RES 4: 163.63 High Nov 8
*RES 3: 163.53 Bollinger band top
*RES 2: 163.40 High Nov 9
*RES 1: 163.30 High Nov 22
*PREVIOUS CLOSE: 163.06
*SUP 1: 162.85 Hourly support Nov 22
*SUP 2: 162.71 21-DMA
*SUP 3: 162.61 Low Nov 23
*SUP 4: 162.36 Hourly support Nov 14
*COMMENTARY: Wednesday's correction lower from the day's high bounced from the
21-DMA with layers of support building ensuring bulls remain focused on
163.40-63 where the Bollinger top is found. Bulls need a close above 163.63 to
shift focus to 164.52-72 where the daily bull channel top is situated. Bears now
look for a close below 162.61 to ease bullish pressure and below 162.36 to shift
focus to 161.63-99 where the bull channel base and 55-DMA are noted.

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