(Z18) Weak Close Keeps Focus On..........>

BUND TECHS: (Z18) Weak Close Keeps Focus On Downside

*RES 4: 160.48 High Sep 6 

*RES 3: 159.78 High Sep 12 

*RES 2: 159.62 55-dma 

*RES 1: 158.48 High Oct 4 

*PREVIOUS CLOSE: 157.57 

*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) 

Dec-18 Bund futures took out Thursday's low on Friday to finish the week on a

bearish note keeping the near-term focus firmly 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. Bulls need to overcome the Oct 4 high at

158.48 to shift the near-term outlook neutral and allow bulls to target the

55-dma 159.62 to re-establish some upside momentum.