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(H18) Bears Targeting..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bears Targeting 120-25+/121-22+
*RES 4: 123-05+ Highs Jan 11 & 16
*RES 3: 122-30  Hourly resistance Jan 17
*RES 2: 122-22  Hourly support Jan 17 now resistance
*RES 1: 122-20  Low Jan 12 now resistance
*PRICE: 122-18 @ 0300GMT
*SUP 1: 122-13+ Daily Bear channel base
*SUP 2: 121-22+ Monthly Low July 1 2011
*SUP 3: 120-25+ Low Apr 29 2011
*SUP 4: 119-24  Low Apr 21 2011
*COMMENTARY: Topside hesitation has taken its toll with fresh 2018 and 6+ year
lows that see bears focused on 120-25+/121-22+. The Bollinger base (122-17+) is
a concern for bears and recently limited follow through. Layers of resistance
are building with bulls now needing a close above 122-30 to ease bearish
pressure and hint at a correction back to 123-05+/123-20. Bears need a close
below 121-22+ to add weight to their case.

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