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(H18) Correction Needs..........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Correction Needs 115-222 Break To Grow
*RES 4: 116-065/067 Dec 29 high, Dec 18 low
*RES 3: 116-002 Jan 5 high
*RES 2: 115-270 Dec 26 low, now resistance
*RES 1: 115-222 Jan 11 high
*PRICE: 115-197 @1054GMT
*SUP 1: 115-152/155 Hourly base Jan 12, Jan 10 low
*SUP 2: 115-117 Jan 12 low
*SUP 3: 115-030 9 week bear channel base projection
*SUP 4: 114-290 3 month bear channel base projection
*COMMENTARY* A spike low last Friday found support from 115-117 before the
weight of some near term oversold conditions have prompted a bounce. This now
sees nearest resistance from the Jan 11 high at 115-222. Above here would
encourage some more correction of losses seen from the Dec 29 high at 116-065,
beginning with the Dec 26 low at 115-270 but the jan 5 high at 116-002 remains
the main obstacle higher. In the interim, 115-155/115-152 provides support.

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