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(Z18) Strong Close Keeps Bullish Hopes...>

BUND TECHS: (Z18) Strong Close Keeps Bullish Hopes Alive
*RES 4: 160.48 High Sep 6 
*RES 3: 159.78 High Sep 12 
*RES 2: 159.56 55-dma 
*RES 1: 158.48 High Oct 4 
*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) 
Early losses were recovered yesterday to see Dec-18 Bund futures close below
Monday's close, keeping hopes alive for a bullish reversal. Bulls need to
overcome the Oct 4 high at 158.48 to further improve the near-term outlook,
which would open the 55-dma 159.56 needed to re-establish the bullish trend. On
the downside, a close below Friday's low at 157.33 would extend the downtrend
targeting the Apr 24 low at 157.43 on the continuation chart. 

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