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(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bulls Need Close Above 121-31
*RES 4: 122-04+ Hourly support Jan 25 now resistance
*RES 3: 121-31 Low Jan 25 now resistance
*RES 2: 121-22 Hourly resistance Jan 31
*RES 1: 121-10+ Low Jan 31 now resistance
*PRICE: 121-05 @ 2030GMT
*SUP 1: 121-01+ Daily Bear channel base
*SUP 2: 120-25+ Low Apr 29 2011
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 118-24 Low Apr 13 2011
*COMMENTARY: Fresh 2018 and 6+ year lows leave the contract looking offered and
pressuring the bear channel base. Bears look for a close below 120-25+ to shift
focus to the 117-29+/119-24 support region last seen in Apr 2011. O/S daily
studies remain the key concern for bears. Bulls now need a close above 121-22 to
gain breathing room and above 121-31 to hint at a correction back to 122-19+/20
where the 21-DMA is located.

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