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(H18) Decline Heads For Test...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Decline Heads For Test Of 76.4% Fibo Level
*RES 4: 151-06/12 Jan 17 high, Jan 2 low
*RES 3: 150-20 Congestion highs Jan 11-15
*RES 2: 150-10 Jan 15, 16 lows, now resistance
*RES 1: 149-17 Jan 11, Jan 12 lows, now resistance
*PRICE: 149-03 @1144GMT
*SUP 1: 148-24 76.4% Fibo of 145-26/158-09
*SUP 2: 147-25 5 week bear channel base projection 
*SUP 3: 147-10 2% vol band, 5 month bear channel base proj'n
*SUP 4: 146-23 Mar 14 low
*COMMENTARY* Has broken below 149-17 support, heading straight for a look at the
76.4% Fibo retrace level at 148-24. Any lower than this and two bear channel
base projections are next, the 5 week at 147-25 and the 5 month at 147-10, where
the lower 2% volatility band also resides today. As a result, nearest resistance
comes from two former sets of lows, at 149-17 and then 150-10. It is the
150-10/150-20 area that rallies need to break for any chance of respite.

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