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(H0) Recent Recovery Extends...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Recent Recovery Extends
*RES 4: 130-17+ High Nov 1
*RES 3: 130-06 High Jan 8 and a key resistance
*RES 2: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 1: 129-18 61.8% retracement of the Jan 8 - Jan 9 decline
*PRICE: 129-11 @ 11:21 GMT, Jan 15
*SUP 1: 129-04 Intraday low
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
*SUP 4: 128-05 Low Dec 30 and Low Jan 2
10yr futures are firmer today extending the past 5-day recovery. Whether this is
the start of a stronger bull run is too early to tell. The sharp sell-off from
Jan 8 still hangs over sentiment and for now the recovery is considered a
correction. Further gains would open 129-18, 61.8% of the Jan 8 - Jan 9 decline.
A break of 129-18 is needed to signal a stronger bullish outlook and open
130-06, Jan 8 high and key resistance. Support lies at 129-04 and 128-25.

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