(H18) Back To Testing Toward....>

US 5YR FUTURE TECHS: (H18) Back To Testing Toward Key 116-145 Support

*RES 4: 116-305 Nov 15 high

*RES 3: 116-282 Nov 28 high

*RES 2: 116-252/262 Nov 29 high, 3 month falling res line

*RES 1: 116-197/200 Hourly resistance

*PRICE: 116-177 @1203GMT

*SUP 1: 116-145/155 Nov 21, Nov 29 lows

*SUP 2: 116-057 7 week bear channel base projection

*SUP 3: 115-267 3 month bear channel base projection

*SUP 4: 115-160 1% volatility band

*COMMENTARY* The decline has continued, a low of 116-155, as we head back

towards the Nov 21 low at 116-145. A sustained loss of the latter will swing the

overall bias back to the downside and focus on two bear channel base projections

between 116-057 and 115-267. In the interim, resistance from 116-197/116-200 and

then more importantly 116-252/116-262. Require back through here before the

impetus for a near term recovery will improve.