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(Z18) Bulls Fail To Regain The...........>

BUND TECHS
BUND TECHS: (Z18) Bulls Fail To Regain The Momentum
*RES 4: 162.50 Measured move from double bottom formation 
*RES 3: 161.30 High Aug 17 
*RES 2: 160.90 High Oct 26 
*RES 1: 160.04 High Nov 6 
*PREVIOUS CLOSE: 159.67 
*SUP 1: 159.38 55-dma 
*SUP 2: 158.84 Low Oct 22 
*SUP 3: 157.95 Low Oct 12 
*SUP 4: 157.33 Low Oct 5 
Dec-18 Bund futures spiked as high as 160.04 yesterday before closing week to
keep the focus lower. Bears continue to target the 55-dma at 159.38, below which
would provide fresh impetus to the downtrend, opening the Oct 22 low at 158.84.
On the upside, bulls need to break above 160.04 to improve the outlook and make
a run at the Oct 26 high at 160.90 ahead of the Aug 17 contract high at 161.30.

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