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

US 10YR FUTURE TECHS
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: 123-205 @1200GMT
*SUP 1: 123-170 Jan 2 low
*SUP 2: 123-115/125 Mar 17, Dec 21 lows
*SUP 3: 123-095 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 123-095 today. The subsequent rise 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.

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