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(H18) Decline Threatening 5....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Decline Threatening 5 Week Bear Channel Base
*RES 4: 123-280/285 Jan 5, Jan 3 highs
*RES 3: 123-125/135 Dec 21 low, 5 week falling res'tce line
*RES 2: 123-050 Jan 11, Jan 16 highs
*RES 1: 123-015/020 Hourly resistance
*PRICE: 122-150 @1146GMT
*SUP 1: 122-135/145 5 week bear channel base, Dec 15 2016 low
*SUP 2: 122-070 Sep 2013 low
*SUP 3: 121-265 1% volatility band
*SUP 4: 121-252 76.4% Fibo of 117-180/135-155
*COMMENTARY* The decline threatening the Dec 2016 base at 122-145 and also the 5
week bear channel base at 122-135. A sustained break below here and the Sep 2013
lows at 122-070 then come into view next. In the meantime, nearest resistance
falls to 123-015/123-020 but once again it is the slightly higher 123-050 region
that holds the key to any real recovery hopes. Beneath 122-070 and not much
until the 1% volatility band at 121-265 and Fibo support at 121-252. 

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