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(Z18) On The Verge Of A Bullish Break....>

BUND TECHS
BUND TECHS: (Z18) On The Verge Of A Bullish Break
*RES 4: 164.15 High May 29 
*RES 3: 162.50 Measured move from double bottom formation 
*RES 2: 161.30 High Aug 17 
*RES 1: 160.98 High Sep 3 
*PREVIOUS CLOSE: 160.85 
*SUP 1: 160.00 Support 
*SUP 2: 159.36 55-dma 
*SUP 3: 158.84 Low Oct 22 
*SUP 4: 158.34 Low Oct 16 
Dec-18 Bund futures added to their recent gains yesterday with bulls now looking
to close above the Sep 3 high at 16.98 to trigger an inverse head-and-shoulders
formation. A break above here would target the Aug 17 high initially ahead of
the 162.50 area. Bears need to break back below 160 to target the 55-dma at
159.36, below which the downtrend would resume towards the Oct 22 low at 158.84.

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