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(H18) 10 Week Bear Channel.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 10 Week Bear Channel Base Comes Under Scrutiny
*RES 4: 124-210 Dec 13 high
*RES 3: 124-135 Dec 18 high
*RES 2: 124-070 Dec 15 low, now resistance
*RES 1: 123-290/295 Dec 13, Nov 30 lows, now resistance
*PRICE: 123-165 @0845GMT
*SUP 1: 123-125/135 Dec 21 low, 10 week bear channel base 
*SUP 2: 123-115 Mar 17 low
*SUP 3: 122-250 1% volatility band
*SUP 4: 122-205 Mar 10, Mar 14 lows
*COMMENTARY* 123-290/123-295 support gave way on Tuesday. The subsequent fall
breaking below the long term 76.4% Fibo retrace level at 123-235. A low of
123-125 seen so far, just below the 10 week bear channel base at 123-135 today,
before bouncing again on the back of some oversold hourly conditions.
123-290/123-295 still near term resistance, above needed before the chance of a
better 124-070/124-135 recovery. Below 123-135 and look to 123-115/122-205 next.

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