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(H18) 124-230/124-285 Still....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 124-230/124-285 Still Proving A Near Term Cap
*RES 4: 124-320 Nov 28 high
*RES 3: 124-275/285 Dec 1, Nov 29 highs, 9 week res line
*RES 2: 124-230 Dec 6 high
*RES 1: 124-195/205 Hourly resistance, Dec 7 high
*PRICE: 124-080 @1152GMT
*SUP 1: 124-030/050 Hourly support, Dec 8 low
*SUP 2: 123-295 Nov 30 low
*SUP 3: 123-270 Oct 25, Oct 27 lows
*SUP 4: 123-110 9 week bear channel base projection
*COMMENTARY* The 123-295 low from the end of last month remains intact, having
also endured pressure earlier this month. The subsequent recovery however, is
still mired in resistance from below 124-230/124-285, requiring a move back
above the latter, before real interest in an upside resurgence will appear. In
the meantime, some earlier resistance from 124-195/124-205 and the downside is
currently protected by 124-050/124-030.

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