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(H18) 124-155/124-175 Break....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 124-155/124-175 Break Would Provide Some Respite
*RES 4: 124-300/320 7 week falling res line, Nov 28 high
*RES 3: 124-275 Nov 29 high
*RES 2: 124-230 Initial low Nov 29, now resistance
*RES 1: 124-155/175 Hourly resistance
*PRICE: 124-105 @1250GMT
*SUP 1: 124-010 Hourly support
*SUP 2: 123-295 Nov 30 low
*SUP 3: 123-270 Oct 25, Oct 27 lows
*SUP 4: 123-150 7 week bear channel base projection
*COMMENTARY* The key 124-050/124-065 support area gave way on Thursday, a low of
124-010 before recovering on the back of some near term oversold conditions. A
sustained break below here will see the potential for an added 123-270 fall
next. That said, with those near term conditions oversold, a move back above
125-155/124-175 would provide some respite and the chance for a move back up the
recent range.

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