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(H18) 121-08/23+ Resistance....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 121-08/23+ Resistance Now Key
*RES 4: 121-23+ Daily Bear channel top (off Dec 29 High)
*RES 3: 121-08  Hourly support Feb 9 now resistance
*RES 2: 121-00+ High Feb 26
*RES 1: 120-18+ Hourly support Feb 26 now resistance
*PRICE: 120-14+ @ 2030GMT
*SUP 1: 120-01 2018 Low Feb 15
*SUP 2: 119-24  Low Apr 21 2011
*SUP 3: 119-20+ Daily Bear channel base
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: The lack of follow through Thursday left a double daily bottom
120-01/02 with the recovery capped around the 21-DMA. Bulls need a close above
121-08 to gain breathing room and above the bear channel top to hint at a
correction to 122-14+/20. Bears take comfort in the close back below 120-15+
that sees focus reconfirmed on 119-20+/24 where the bear channel base is
situated. The Bollinger base (119-28+) is the key concern for bears.

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