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(H0) Correction Over? *RES.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Correction Over?
*RES 4: 160-13 High Dec 3 and primary resistance
*RES 3: 160-00 Round number resistance
*RES 2: 159-19 High Jan 8 and key resistance
*RES 1: 158-25 High Jan 16
*PRICE: 157-30 @ 10:49 GMT, Jan 21
*SUP 1: 156-28 Low Jan 13 and 17
*SUP 2: 155-29 Low Jan 9 and key near-term support
*SUP 3: 155-05 Low Dec 2
*SUP 4: 155-00 Low Nov 7 and key support
30yr futures found resistance at 158-25 on Jan 16 and futures are likely to
remain under pressure. The pullback signals a potential end to the Jan 9 - Jan
16 climb and suggests the move higher during this period has been a correction.
If correct, the implication is the correction is over with 155-29, Jan 9 low
exposed. A break would open 155-05, Jan 2 low and the 155-00 key support from
Nov 7. On the upside, clearance of 158-25 would instead expose 159-19.

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