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(H18) Decline Moves Below.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Decline Moves Below 114-252, Channel Base Next
*RES 4: 115-142 Hourly high Jan 17
*RES 3: 115-092 Jan 23 high
*RES 2: 115-045 Hourly congestion area Jan 24-26
*RES 1: 114-320 Jan 21 low, now resistance
*PRICE: 114-235 @1204GMT
*SUP 1: 114-205 4 month bear channel base projection
*SUP 2: 114-100 Apr 12 2010 low
*SUP 3: 113-315 1% volatility band
*SUP 4: 113-280 Apr 5 2010 low
*COMMENTARY* The descent continues, most latterly through both the 10 week bear
channel base and the 61.8% Fibo retrace level, both at 114-252 today. Next up is
the 4 month bear channel base projection, at 114-205 by time today.
Consequently, resistance also falls, the jan 21 low at 114-230 now acting as an
initial bar to gains, the 115-045/115-092 region higher. Beneath 114-205 and the
Apr 12 2010 low at 114-100 protects the lower 1% volatility band.

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