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(H18) 123-09+/22+ Resistance...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 123-09+/22+ Resistance Key
*RES 4: 124-02+ High Dec 29
*RES 3: 123-22+ 21-DMA
*RES 2: 123-20 High Jan 8
*RES 1: 123-09 Hourly support Jan 9 now resistance
*PRICE: 122-30 @ 2030GMT
*SUP 1: 122-29+ Hourly resistance Jan 12 now support
*SUP 2: 122-20 2018 Low Jan 12
*SUP 3: 121-22+ Monthly Low July 1 2011
*SUP 4: 120-25+ Low Apr 29 2011
*COMMENTARY: Fresh 3+yr lows resulted in dips below the bear channel base before
finding support at 122-20+. Bears look for a close below this level to shift
focus to 120-25+/121-22+. The Bollinger base (122-24+) is a concern for bears
and limits follow through. Layers of resistance remain with bulls needing a
close above 123-09 to ease bearish pressure and above the 21-DMA to shift focus
to 124-02+/13+ where the bear channel top and 55-DMA are noted.

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