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(H18) Decline Still Holding....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Decline Still Holding Above 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: 122-175/200 Jan 24 high, Jan 12 low 
*PRICE: 122-090 @1133GMT
*SUP 1: 121-310 Jan 25 low
*SUP 2: 121-250/260 76.4% of 117-180/135-155, channel base
*SUP 3: 121-075 1% volatility band
*SUP 4: 121-035 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 121-310 so
far, just above the 8 week bear channel base projection and the key 76.4% Fibo
retrace level at 121-260 and 121-250 respectively. In the meantime, nearest
resistance comes from 122-175/122-200 but it is still the higher 123-050 region
that holds the key to any real recovery hopes. 

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