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(Z17) Rally Capped Just Below Swing......>

BUND TECHS
BUND TECHS: (Z17) Rally Capped Just Below Swing Target
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 163.92/99 Dec 1 high, 1.618 swing of 163.32-162.24
*RES 2: 163.72 Hourly high Dec 1
*RES 1: 163.50/54 Hourly resistance
*PRICE: 163.16 @0803GMT
*SUP 1: 163.03 Hourly base Dec 1
*SUP 2: 162.88 Nov 30 high, now support
*SUP 3: 162.52 Dual hourly lows Nov 30 
*SUP 4: 162.24 Nov 30 low
*COMMENTARY* A high of 163.92 seen last Friday, slightly below the swing target
at 163.99, before submitting to some near term overbought conditions. This
leaves us in the middle of the daily bull channel, that has been evident since
late October. Now correcting the recent 5 wave move up from 162.24, with support
from 163.03-162.88 still likely to provide directional clues on the day. Below
162.52 would concern however. Meanwhile, 163.50-163.72 resistance. 

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