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(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS: (H18) Bulls Need Close Above 120-27
*RES 4: 122-01+ Daily Bear Channel top
*RES 3: 121-23  Hourly resistance Feb 6
*RES 2: 121-08  Hourly support Feb 9 now resistance
*RES 1: 120-27  Low Feb 13 now resistance
*PRICE: 120-17+ @ 0530GMT
*SUP 1: 120-09+ Low Feb 16
*SUP 2: 120-01  2018 Low Feb 15
*SUP 3: 119-30+ Daily Bear channel base
*SUP 4: 119-24  Low Apr 21 2011
*COMMENTARY: Bears reconfirmed dominance with H18 remaining capped ahead of
121-08 and the sell-off resulting in fresh 2018 & 7Yr lows. Follow through has
been lacking on the dip below the bear channel base with bears focused on
117-29/119-24 last seen in 2011. Bulls continue to look for a close above 120-27
to gain breathing room and above 121-23 to hint at a correction to
122-20/123-05+ with the 55-DMA at 122-26.

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