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(H18) Bears Focused On.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bears Focused On 122-20+/123-07+
*RES 4: 124-13+ High Dec 18
*RES 3: 124-05  Hourly support Dec 13 now resistance
*RES 2: 123-29+ Low Dec 13 now resistance
*RES 1: 123-27  Lows Oct 25 & 27 now resistance
*PRICE: 123-17 @ 0250GMT
*SUP 1: 123-07+ High Mar 13 now support
*SUP 2: 123-03+ Daily Bear channel base
*SUP 3: 122-20+ Monthly Low Mar 14
*SUP 4: 122-14+ 2016 Low Dec 15 2016
*COMMENTARY: Repeated topside failures ahead of the key 124-17+/23+ resistance
region where the bear channel top and 55-DMA are located resulted in a break of
key supports and bears now focused on 122-20+/123-07+ where monthly lows and the
bear channel base are noted. Daily studies are well placed for losses but the
Bollinger base (123-17+) is a concern. Layers of resistance are weighing with
bulls needing a close above 124-05 to return focus to 124-17+/23+.

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