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(H18) 122-20 Resistance........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 122-20 Resistance Remains Key
*RES 4: 123-09 Hourly support Jan 9 now resistance
*RES 3: 123-05+ Highs Jan 11 & 16, 21-DMA
*RES 2: 122-30 Hourly resistance Jan 17
*RES 1: 122-20 Low Jan 12 now resistance
*PRICE: 122-13 @ 0300GMT
*SUP 1: 122-09+ Hourly resistance Jan 25 now support
*SUP 2: 122-04+ Hourly support Jan 25
*SUP 3: 121-31 2018 Low Jan 25
*SUP 4: 121-22+ Monthly Low July 1 2011
*COMMENTARY: Follow through has been lacking on the most recent 2018 and 6+ year
low with O/S daily studies looking to correct the key concern for bears. The
122-20 resistance remains key. Bulls need a close above to hint at a correction
back to 123-01+/123-20 where a channel top and 21-DMA are situated. Bears remain
focused on 120-25+/121-22+ while 122-20 caps but need a close below 121-31 to
gain breathing room.

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