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(H18) Continues Lower,.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Continues Lower, Finding Some Support From 121-170
*RES 4: 123-015 Jan 12 low, now resistance
*RES 3: 122-175 Jan 23 high
*RES 2: 122-105 Congestion area Jan 23-26
*RES 1: 122-015 Jan 21 low, now resistance 
*PRICE: 121-245 @1058GMT
*SUP 1: 121-170 Jan 29 low
*SUP 2: 120-310 5 month bear channel base projection
*SUP 3: 120-285 1% volatility band
*SUP 4: 120-115 61.8% Fibo of 111-005/135-155
*COMMENTARY* Has continued to tumble, following on from the break below the Sep
2013 low at 122-070 earlier in the month. The 8 week channel base has now given
way, a low of 121-170 so far, before some oversold hourly conditions have come
to the near term rescue. Resistance comes from the Jan 21 low at 122-015 but
likely requires a move back above 122-105 before any real upside interest will
appear. Below 121-170 and the 5 month bear channel base comes into view next.

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