(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS: (H18) Bulls Need Close Above 123-29+

*RES 4: 124-05 Hourly support Dec 13 now resistance

*RES 3: 123-29+ Low Dec 13 now resistance

*RES 2: 123-27 Lows Oct 25 & 27 now resistance

*RES 1: 123-21+ High Dec 27

*PRICE: 123-16+ @ 0250GMT

*SUP 1: 123-12+ Low Dec 21

*SUP 2: 123-07+ High Mar 13 now support

*SUP 3: 123-01+ Daily Bear channel base

*SUP 4: 122-20+ Monthly Low Mar 14

*COMMENTARY: Repeated topside failures ahead of the key 124-15+/23+ resistance

region where the bear channel top and 55-DMA are located resulted in a break of

key supports and bears focused on 122-20+/123-07+ where monthly lows and the

bear channel base are noted. The Bollinger base (123-10+) is a concern for bears

with potential to limit follow through. Bulls still need a close above 123-29+

to ease bearish pressure.