(H18) Decline Nears 3 Month....>

US 10YR FUTURE TECHS: (H18) Decline Nears 3 Month Bear Channel Base

*RES 4: 124-135 Dec 18 high

*RES 3: 124-070 Dec 15 low, now resistance

*RES 2: 124-025 Dec 29 high

*RES 1: 123-285 Jan 3 high

*PRICE: 123-125 @1130GMT

*SUP 1: 123-075 3 month bear channel base 

*SUP 2: 122-205 Mar 10, Mar 14 lows

*SUP 3: 122-145 Dec 15 low, 1% volatility band

*SUP 4: 122-070 Sep 2013 low

*COMMENTARY* 123-290/123-295 support gave way late last month. The subsequent

fall breaking below the long term 76.4% Fibo retrace level at 123-235. A low of

123-095 seen so far, just above the 3 month bear channel base at 123-075 today.

The most recent fall from the Dec 29 high at 124-025 is now approaching near

term oversold conditions and needs to pick up some speed, else the threat of a

correction will arise, 123-085 the bar to that 124-025 high again.