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(Z18) Bulls Hold The 160 Level *RES 4:...>

BUND TECHS
BUND TECHS: (Z18) Bulls Hold The 160 Level
*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: 160.36 High Oct 30 
*PREVIOUS CLOSE: 160.25 
*SUP 1: 159.34 55-dma 
*SUP 2: 158.84 Low Oct 22 
*SUP 3: 158.34 Low Oct 16 
*SUP 4: 157.95 Low Oct 12 
Dec-18 Bund futures briefly traded below 160 yesterday before a strong rally
allowed to contract to close at its daily highs, keeping the focus on the Oct 26
high at 160.90. A break above here would suggest a return to the Aug 17 peak at
161.30. Bears need to break back below 160 to target the 55-dma at 159.34, below
which the downtrend would resume towards the Oct 22 low at 158.84.

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