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(Z18) Downtrend Intact *RES 4: 162.50...>

BUND TECHS
BUND TECHS: (Z18) Downtrend Intact 
*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: 160.00 Pivot area 
*PREVIOUS CLOSE: 159.76 
*SUP 1: 159.40 55-dma 
*SUP 2: 158.84 Low Oct 22 
*SUP 3: 157.95 Low Oct 12 
*SUP 4: 157.33 Low Oct 5 
The strong open for Dec-18 Bund futures was met with selling pressure yesterday
ahead of 160.00, keeping the trend of lower highs in place from the Oct 26 high.
Bears continue to target the 55-dma at 159.44, below which shifts the outlook
bearish and opens the Oct 22 low at 158.84. On the upside, bulls need to recover
the 160.00 pivot area to 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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