(Z18) Failure To Recover 160.50 Gives....>

BUND TECHS: (Z18) Failure To Recover 160.50 Gives Bears Hope 

*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: 160.95 High Sep 3 

*PREVIOUS CLOSE: 160.28 

*SUP 1: 159.96 Low Oct 30 

*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 temporarily broke below 160 yesterday before recovering

above 160.50. However, a weak close keeps the short-term outlook neutral for

now, with bulls looking to recover the Oct 26 high at 160.90 and the Sep 3 high

at 160.9, and bears looking for a break below yesterday's low at 159.96. The

broader bullish trend remains intact and we would need to see a break below the

Oct 22 low at 158.84 to see bears gain the upper hand.