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(H18) 123-050 Again............>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 123-050 Again Frustrates Recovery Efforts
*RES 4: 123-280/285 Jan 5, Jan 3 highs
*RES 3: 123-155 5 week falling resistance line
*RES 2: 123-125 Dec 21 low, now resistance
*RES 1: 123-050 Jan 11 high
*PRICE: 122-275 @1121GMT
*SUP 1: 122-200/205 Jan 12 base, Mar 10, Mar 14 lows
*SUP 2: 122-145/150 Dec 15 2016 low, 5 week bear channel base
*SUP 3: 122-070 Sep 2013 low
*SUP 4: 121-315 1% volatility band
*COMMENTARY* Has again found support from around the Mar 10-14 lows from last
year, a base of 122-200 seen last Friday, before bouncing on the back of some
oversold near term conditions. In this respect, a move back above 123-050 will
commence a correction of losses sustained since the 124-025 high on Dec 29. In
this event, look to 123-125/123-155 for the next band of resistance. 

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