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(Z17) Immediate Focus On 161.93-162.23...>

BUND TECHS
BUND TECHS: (Z17) Immediate Focus On 161.93-162.23
*RES 4: 163.63 High Nov 8, Bollinger band top
*RES 3: 163.40 High Nov 9
*RES 2: 163.22 Hourly support Nov 8 now resistance
*RES 1: 162.95 Low Nov 7 now resistance
*PREVIOUS CLOSE: 162.78
*SUP 1: 162.48 Low Nov 9
*SUP 2: 162.29 21-DMA
*SUP 3: 162.23 Hourly res Oct 27 now support
*SUP 4: 162.00 High Oct 26 now support
*COMMENTARY: The lack of follow through on fresh 3mth highs left the contract
looking heavy with bearish focus having shifted to 161.93-162.23 and overall
focus on the bull channel base (161.29). Bulls now need a close above 162.95 to
confirm a false break lower and above 163.40 to retain focus on 163.63-00. Daily
studies correcting from modestly O/B levels adds weight to the bearish case.

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