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(H0) Off Recent Lows *RES 4:...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Off Recent Lows
*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: 163-10 76.4% retracement of the Feb 3 - Feb 6 decline
*PRICE: 162-20 @ 11:47 GMT, Feb 10
*SUP 1: 160.15 Low Feb 6
*SUP 2: 159-13 50-day EMA
*SUP 3: 159-01 Low Jan 24
*SUP 4: 158-05 Low Jan 22
30yr futures are trading above last week's low. Recent sharp losses however are
expected to weigh on price and for now, recent gains are likely 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 159-13, an area of support highlighted by the 50-day EMA. Initial
resistance is at Wednesday's 163-10 high.

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