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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: 123-110/125 5 week falling res'tce line, Dec 21 low 
*RES 3: 123-050 Jan 11, Jan 16 highs
*RES 2: 122-300 Congestion area Jan 10-16
*RES 1: 122-200/225 Jan 12, Jan 10 lows
*PRICE: 122-130 @1129GMT
*SUP 1: 122-090/115 Intraday low, 5 week bear channel base
*SUP 2: 122-070 Sep 2013 low
*SUP 3: 121-252 76.4% Fibo of 117-180/135-155
*SUP 4: 121-225 1% volatility band
*COMMENTARY* The decline has now moved below the Dec 2016 base at 122-145 and
also the 5 week bear channel base at 122-115. 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 122-200/122-300 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 Fibo support at 121-252. 

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