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(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bulls Need Close Above Bear Channel Top
*RES 4: 121-19+ Daily Bear channel top (off Dec 29 High)
*RES 3: 121-08 Hourly support Feb 9 now resistance
*RES 2: 121-00+ High Feb 26
*RES 1: 120-26+ 21-DMA
*PRICE: 120-22+ @ 0530GMT
*SUP 1: 120-08 Lows Feb 23 & 27
*SUP 2: 120-01 2018 Low Feb 15
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 119-16+ Daily Bear channel base
*COMMENTARY: The lack of follow through last Thursday left a double daily bottom
120-01/02 with the recovery capped by the 21-DMA. Bulls need a close above
121-08 to gain breathing room and above the bear channel top to hint at a
correction to 122-10+/20. Failure to trouble 2018 lows so far is less than ideal
for bears with a close below needed to initially test the bear channel base and
hint at a move targeting 117-29/118-24.

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