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(H18) 123-295 Support Back.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 123-295 Support Back Under Pressure
*RES 4: 124-320 Nov 28 high
*RES 3: 124-275 Dec 1, Nov 29 highs, 9 week res line
*RES 2: 124-230 Dec 6 high
*RES 1: 124-175/205 Hourly resistance, Dec 7 high
*PRICE: 123-315 @1152GMT
*SUP 1: 123-295 Nov 30 low
*SUP 2: 123-270 Oct 25, Oct 27 lows
*SUP 3: 123-115 9 week bear channel base projection
*SUP 4: 123-005 1% volatility band
*COMMENTARY* The 123-295 low from the end of last month still remains intact,
having also endured pressure earlier this month. The subsequent recovery
however, is still mired in resistance from below 124-230/124-275, requiring a
move back above the latter, before real interest in an upside resurgence will
appear. In the meantime, some earlier resistance from 124-175/124-205. Below
123-295 and 123-270 is the brake to a further 123-115/123-005 fall.

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