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(H18) 121-23/122-20............>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 121-23/122-20 Resistance Region Key
*RES 4: 122-30  Hourly resistance Jan 17
*RES 3: 122-20  Low Jan 12 now resistance
*RES 2: 122-05+ Hourly resistance Feb 6a
*RES 1: 121-23  Hourly resistance Feb 6
*PRICE: 120-31+ @ 2030GMT
*SUP 1: 120-22+ Bollinger band base
*SUP 2: 120-18  2018 Low Feb 5
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Bulls failed to capitalise on the bullish key day reversal with the
contract rejected ahead of key 122-20 resistance and remaining heavy. The break
back below 121-10+ reconfirmed initial focus to 2018 lows and then below 120-18
to target the 117-29/119-24 support region where levels last seen in 2011 are
noted. Bulls need a close above 121-23+ to gain breathing room and above 122-20
to shift initial focus to 123-05+/20 where the 55-DMA is noted.

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