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(H18) Decline Moves Along The...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Decline Moves Along The 4 Month Bear Channel Base 
*RES 4: 115-092 Jan 23 high7
*RES 3: 115-045 Hourly congestion area Jan 24-26
*RES 2: 114-320 Jan 21 low, now resistance
*RES 1: 114-260/270 Hourly resistance
*PRICE: 114-187 @1205GMT
*SUP 1: 114-180/185 intraday low, 4 month bear channel base
*SUP 2: 114-100 Apr 12 2010 low
*SUP 3: 113-280 Apr 5 2010 low
*SUP 4: 113-265 1% volatility band
*COMMENTARY* The descent continues, most latterly through both the 10 week bear
channel base and the 61.8% Fibo retrace level. A low of 114-180 so far today,
basically a test to the 4 month bear channel base projection, at 114-185 by time
today. Consequently, resistance also falls, 114-260/114-270 now ahead of the Jan
21 low at 114-23, the 115-045/115-092 region higher. Beneath 114-180 and the Apr
12 2010 low at 114-100 protects the lower 1% volatility band.

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