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(H0) Downside Focus *RES 4:....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Downside Focus
*RES 4: 164-25 2.00 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 3: 164-09 High Oct 4
*RES 2: 164-05 High Feb 3 and key resistance
*RES 1: 163-09/10 High Feb 10 / 76.4% of the Feb 3 - Feb 6 decline
*PRICE: 162-00 @ 11:51 GMT, Feb 12
*SUP 1: 160.15 Low Feb 6
*SUP 2: 159-21 50-day EMA
*SUP 3: 159-01 Low Jan 24
*SUP 4: 158-05 Low Jan 22
30yr futures are trading off Monday's highs. Sharp losses between Feb 3 and Feb
6 are expected to weigh on price and for now, recent gains between Feb 6 and Feb
10 have been viewed as a correction. Last week futures cleared support at
162-04, Jan 31 low and 160-27, Jan 29 low to start unwinding a recent overbought
condition. Scope is seen for a move towards 159-21, an area of support
highlighted by the 50-day EMA. Initial resistance is at 163-09.

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