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(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS: (H18) Bulls Need Close Above 121-23
*RES 4: 122-20  Low Jan 12 now resistance
*RES 3: 122-05+ Hourly resistance Feb 6a
*RES 2: 121-23  Hourly resistance Feb 6
*RES 1: 121-08  Hourly support Feb 9 now resistance
*PRICE: 121-04 @ 0310GMT
*SUP 1: 120-26+ Low Feb 13
*SUP 2: 120-17  2018 Low Feb 8
*SUP 3: 120-13+ Bollinger band base
*SUP 4: 119-24  Low Apr 21 2011
*COMMENTARY: Hesitation ahead of 2018 lows remains a concern for bears when
combined with daily studies correcting from O/S. In saying that, bulls need a
close above 121-23 to ease bearish pressure and above 122-20 to shift initial
focus to 123-01+/05 where the 55-DMA (123-01+) is noted. While 121-23 caps bears
remain focused on the break of 120-17 needed to target the 117-29/119-24 support
region where levels last seen in 2011 are noted.

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