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(H0) Consolidating But Still...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Consolidating But Still Bearish
*RES 4: 130-17+ High Nov 1
*RES 3: 130-06 High Jan 8 and a key resistance
*RES 2: 129-18 61.8% retracement of the Jan 8 - Jan 9 decline
*RES 1: 129-05+ High Jan 10
*PRICE: 129-00 @ 11:20 GMT, Jan 14
*SUP 1: 128-17+ Low Jan 97
*SUP 2: 128-05 Low Dec 30 and Low Jan 2
*SUP 3: 128-00 Low Dec 24
*SUP 4: 127-29 Low Dec 13 and key support
10yr futures are unchanged and remain bearish. The sell-off last week on Jan 8
is still seen weighing on sentiment. Price failed to remain above resistance at
129-21, Jan 6 high and the 50-day EMA, an indicator used as a reliable trend
signal. Furthermore, last week's recovery on Thursday and Friday appears
corrective. The focus is on 128-05, Dec 30 / Jan 2 low where a break would open
127-29, Dec 13 low and key support. Resistance is 129-05+.

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