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(H18) Downside Lacking..........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Downside Lacking Enthusiasm, 116-027/067 Resistance
*RES 4: 116-147 Hourly recovery high Dec 14
*RES 3: 116-117 Dec 18 high
*RES 2: 116-065/067 Dec 29 high, Dec 18 low
*RES 1: 116-027 Jan 3 high
*PRICE: 115-247 @1121GMT
*SUP 1: 115-227/235 Intraday, Jan 8lows
*SUP 2: 115-192 5 year bear channel base projection
*SUP 3: 115-017 3 month bear channel base projection
*SUP 4: 114-250 1% volatility band
*COMMENTARY* Fresh downside pressure continues this week following the inability
to traverse the 50% Fibo retrace level at 116-192 last month. A low of 115-227
today before again finding some support, as the downside tries to find some
impetus, ahead of the longer term supports between 115-192/115-017. Meanwhile,
116-027/116-067 still provides main resistance. Above and the chance of a decent
recovery improves.

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