(H18) Attempting Recovery......>

US 10YR FUTURE TECHS: (H18) Attempting Recovery After Hold Above 123-115

*RES 4: 124-210 Dec 13 high

*RES 3: 124-135 Dec 18 high

*RES 2: 124-070 Dec 15 low, now resistance

*RES 1: 124-025 Dec 29 high

*PRICE: 123-235 @1100GMT

*SUP 1: 123-170 Jan 2 low

*SUP 2: 123-115/125 Mar 17, Dec 21 lows

*SUP 3: 123-100 3 month bear channel base 

*SUP 4: 122-205 Mar 10, Mar 14 lows

*COMMENTARY* 123-290/123-295 support gave way late last month. The subsequent

fall breaking below the long term 76.4% Fibo retrace level at 123-235. A low of

123-125 seen so far, just above the Mar 17 low at 123-115 and also the 3 month

bear channel base at 123-100 today. The subsequent recovery has moved above

123-290/123-295 but still needs through 124-025/124-070 before the chance of

seeing a better recovery. Nearest support moves up to 123-170.