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(H18) Correcting After.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Correcting After 149-03 Support Hold Last Week
*RES 4: 152-21 Jan 5 high
*RES 3: 151-22 5 week falling resistance line
*RES 2: 151-12/19 Jan 2, Jan 4 lows, now resistance
*RES 1: 151-03/08 Hourly resistance
*PRICE: 150-25 @1125GMT
*SUP 1: 149-17 Jan 11, Jan 12 lows
*SUP 2: 149-03 Jan 10 low
*SUP 3: 148-24 76.4% Fibo of 145-26/158-09
*SUP 4: 148-01/02 2% vol band, 5 week bear channel proj'n 
*COMMENTARY* Managed to hold 149-03 support last week and some near term
oversold conditions have allowed a bounce. Look to 151-03/151-08 for immediate
resistance, as we continue to correct losses initially from the Dec 27 high at
153-04. As a consequence, support rises to 149-17 and this currently protects
the downside from another grilling. Above 151-08 and recovery can stretch to
151-12/151-22, where next questions are asked. 

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