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(H18) Approaches Long Term......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Approaches Long Term Support From 115-285/115-205
*RES 4: 116-190 Dec 13 high
*RES 3: 116-147 Hourly recovery high Dec 14
*RES 2: 116-117 Dec 18 high
*RES 1: 116-040/067 Hourly resistance
*PRICE: 115-302 @0843GMT
*SUP 1: 115-282/285 Dec 21 low, Feb 2011 low
*SUP 2: 115-205 5 year bear channel base projection
*SUP 3: 115-115 3 month bear channel base projection
*SUP 4: 115-012 1% volatility band
*COMMENTARY* Fresh downside pressure this week following the inability to
traverse the 50% Fibo retrace level at 116-192 last Wednesday. Have finally seen
116-032 support buckle, the subsequent decline moving slightly below the 10 week
bear channel base and now approaching long term support between 115-285/115-205.
Meanwhile, 116-040/116-067 now provides resistance. Above and congested
116-117/116-147 lies ahead of any attempt at a real recovery. 

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