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(H18) Decline Hits 8 Week......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Decline Hits 8 Week Bear Channel Base
*RES 4: 123-125 Dec 21 low, now resistance
*RES 3: 123-050/065 Jan 11, Jan 16 highs
*RES 2: 122-285/300 Congestion area Jan 10-16
*RES 1: 122-160/200 Jan 19 high, Jan 12 low 
*PRICE: 122-105 @1049GMT
*SUP 1: 121-295/015 8 week bear channel base, Jan 19 low
*SUP 2: 121-250 76.4% Fibo of 117-180/135-155
*SUP 3: 121-120 1% volatility band
*SUP 4: 121-065 5 month bear channel base projection
*COMMENTARY* Following last week's move below the Dec 2016 base at 122-145, the
Sep 2013 lows at 122-070 have also subsequently given way. A low of 122-015 so
far, just above the 8 week bear channel base projection. In the meantime,
nearest resistance falls to 122-160/122-200 but it is still the higher 123-050
region that holds the key to any real recovery hopes. Beneath 121-295 and the
key 76.4% Fibo retrace level at 121-250 comes into view.

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