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(H18) Bears Focused On 97.820...>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (H18) Bears Focused On 97.820
*RES 4: 98.160 Highs Jan 22-24
*RES 3: 98.145 High Feb 6
*RES 2: 98.126 21-DMA
*RES 1: 98.100 Lows Feb 2 & 5 now resistance
*PRICE: 98.045 @ 0930GMT
*SUP 1: 98.045 2018 Low Feb 8
*SUP 2: 97.820 Weekly Low Nov 2008
*SUP 3: 97.580 Weekly Low Nov 2008
*SUP 4: 97.480 Weekly High Oct 2008 now support
*COMMENTARY: The contract remains heavy with bears now focused on the 97.820
support last seen in 2008 with a close below to confirm focus on tests of the
97.480-580 support region. Bulls now look for a close above 98.100 to ease
bearish pressure and above 98.160 to shift focus back to 98.179-190 where an
bear channel top and 55-DMA are located.

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