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(H18) Decline Accelerates,.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Decline Accelerates, 122-205 Next Region Of Support
*RES 4: 124-025 Dec 29 high
*RES 3: 123-280/285 Jan 5, Jan 3 highs
*RES 2: 123-125 Dec 21 low, now resistance
*RES 1: 123-055/080 Hourly resistance
*PRICE: 122-250 @1152GMT
*SUP 1: 122-205 Mar 10, Mar 14 lows
*SUP 2: 122-145 Dec 15 2016 low
*SUP 3: 122-100 1% volatility band
*SUP 4: 122-070 Sep 2013 low
*COMMENTARY* Following the loss of the the long term 76.4% Fibo retrace level at
123-235, the downside has received some further acceleration today with the
break below the 3 month bear channel base at 123-070. This sees the March lows
at 122-205 as the next potential target area, ahead of the Dec 2016 low at
122-145. Meanwhile, resistance falls to 123-055/123-080 but likely needs to
combat the higher 123-125 level for better respite.

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