(Z18) Oct 5 Lows Holding *RES 4:.........>

BUND TECHS: (Z18) Oct 5 Lows Holding

*RES 4: 160.48 High Sep 6 

*RES 3: 159.78 High Sep 12 

*RES 2: 159.52 55-dma 

*RES 1: 158.48 High Oct 4 

*PREVIOUS CLOSE: 158.12 

*SUP 1: 157.33 Low Oct 5 

*SUP 2: 157.43 Low April 24 (continuation chart) 

*SUP 3: 156.88 Low Mar 9 (continuation chart) 

*SUP 4: 156.00 Bear channel bottom (continuation chart) 

Despite a brief look below 157.50, a drop in global risk appetite saw Dec-18

Bund futures recover the 158.00 level to keep the outlook neutral. Bulls need to

overcome the Oct 4 high at 158.48 to further improve the near-term outlook,

which would open the 55-dma 159.52 needed to re-establish the bullish trend. On

the downside, a close below 157.33 would extend the downtrend targeting the Apr

24 low at 157.43 on the continuation chart.