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(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bulls Need Close Above 121-10+
*RES 4: 121-31 Low Jan 25 now resistance
*RES 3: 121-22 Hourly resistance Jan 31
*RES 2: 121-10+ Low Jan 31 now resistance
*RES 1: 121-02 Hourly support Feb 2 now resistance
*PRICE: 120-22 @ 0300GMT
*SUP 1: 120-20+ 2018 Low Feb 5
*SUP 2: 119-24 Low Apr 21 2011
*SUP 3: 118-24 Low Apr 13 2011
*SUP 4: 117-29 Monthly Low Apr 8 2011
*COMMENTARY: Repeated 2018 and 6+ year lows leave the contract looking offered
and closing below the bear channel base. Focus now shifts to the 117-29/119-24
support region where levels last seen in 2011 are noted. O/S daily studies
remain the key concern for bears. Bulls now look for a close above 121-10+ to
ease immediate bearish pressure and above 121-31 to initially pressure
122-09+/20 where the 21-DMA is noted.

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