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(Z18) Close Above 160 Keeps Outlook......>

BUND TECHS
BUND TECHS: (Z18) Close Above 160 Keeps Outlook Neutral
*RES 4: 164.15 High May 28 (continuation chart)
*RES 3: 162.50 Measured move from double bottom formation 
*RES 2: 161.30 High Aug 17 
*RES 1: 160.90 High Oct 26
*PREVIOUS CLOSE: 160.03 
*SUP 1: 159.75 Low Nov 1
*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 held the 160 level yesterday on a closing basis despite
dipping as low as 159.75 in early European trading. Bears look for a break below
yesterday's low at 159.96 to open the Oct 22 low at 158.84, below which would
shift the outlook negative. On the upside, a break above down trendline
resistance at 160.30 would trigger a run at the Oct 26 high at 160.90 ahead of
the Aug 17 contract high at 161.30. 

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