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(H18) 76.4% Fibo Level Gives...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) 76.4% Fibo Level Gives Way
*RES 4: 151-06/12 Jan 17 high, Jan 2 low
*RES 3: 150-20 Congestion highs Jan 11-15
*RES 2: 150-10 Jan 15, 16 lows, now resistance
*RES 1: 149-12/17 Jan 19 high, Jan 11, Jan 12 lows
*PRICE: 148-27 @1209GMT
*SUP 1: 148-12 Intraday low
*SUP 2: 147-21 6 week bear channel base projection 
*SUP 3: 147-00/08 2% vol band, 5 month bear channel base 
*SUP 4: 146-23 Mar 14 low
*COMMENTARY* Having lost 149-17 support on Friday, has now  broken below the key
76.4% Fibo retrace level at 148-24. Beneath here and two bear channel base
projections are next, the 6 week at 147-21 and the 5 month at 147-08, just above
the lower 2% volatility band at 147-00 today. As a result, nearest resistance
comes from 149-12 and then two former sets of lows, at 149-17 and then 150-10.
It is 150-10/150-20 that rallies need to break for any chance of respite.

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