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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 122-20 Resistance Remains Key
*RES 4: 122-30 Hourly resistance Jan 17
*RES 3: 122-20 Low Jan 12 now resistance
*RES 2: 122-10+ Hourly resistance Jan 26
*RES 1: 122-04+ Hourly support Jan 25 now resistance
*PRICE: 122-02 @ 2030GMT
*SUP 1: 121-31 2018 Low Jan 25
*SUP 2: 121-23+ Bollinger Band Base
*SUP 3: 121-22+ Monthly Low July 1 2011
*SUP 4: 120-25+ Low Apr 29 2011
*COMMENTARY: Bears take comfort in bounces remaining capped ahead of the 122-20
resistance which 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
add weight to their case.

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