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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: 122-20 Low Jan 12 now resistance
*RES 3: 122-05+ Hourly resistance Feb 6a
*RES 2: 121-23 Hourly resistance Feb 6
*RES 1: 121-09 Hourly resistance Feb 7
*PRICE: 120-28 @ 0930GMT
*SUP 1: 120-17 2018 Low Feb 8
*SUP 2: 120-15+ Bollinger band base
*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 122-20 and remaining heavy. The break below 121-10+
reconfirmed initial focus to 2018 lows and then below 120-17 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 (123-07+) is noted.

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