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(H18) Above 21-DMA To Ease.....>

US 10YR FUTURE TECHS: (H18) Above 21-DMA To Ease Bearish Pressure
*RES 4: 124-23 High Dec 6
*RES 3: 124-15+ Daily Bear channel top
*RES 2: 124-11+ 55-DMA
*RES 1: 123-31+ 21-DMA
*PRICE: 123-21+ @ 0530GMT
*SUP 1: 123-17+ Alternating hourly support/resistance
*SUP 2: 123-12+ Low Dec 21
*SUP 3: 123-07+ High Mar 13 now support
*SUP 4: 122-29+ Daily Bear channel base
*COMMENTARY: Despite recovering from Dec lows the contract has remained capped
ahead of the 21-DMA. Bulls look for a close above the 21-DMA to confirm an
easing of bearish pressure and return focus to layers of resistance 124-11+/23
where the 55-DMA and bear channel top are situated. While the 21-DMA caps
immediate bearish focus remains on tests of the bear channel base coming in
around 122-29+ today.

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