(H18) Downside Pressure........>

US 10YR FUTURE TECHS: (H18) Downside Pressure Resumes After Brief 124-275 Rise

*RES 4: 125-065 Nov 8 high

*RES 3: 124-300/320 8 week falling res line, Nov 28 high

*RES 2: 124-275 Dec 1, Nov 29 highs

*RES 1: 124-190/200 Hourly resistance

*PRICE: 124-095 @1104GMT

*SUP 1: 123-295 Nov 30 low

*SUP 2: 123-270 Oct 25, Oct 27 lows

*SUP 3: 123-140 8 week bear channel base projection

*SUP 4: 123-085 1% volatility band

*COMMENTARY* The key 124-050/124-065 support area gave way last Thursday, a low

of 123-295 before recovering on the back of some near term oversold conditions.

This culminated in a return to the Nov 29 high at 124-275, before once again

falling back towards that 123-295 low again. This is the protection to the late

October lows at 123-270 and the 8 week bear channel base projection at 123-140.

Meanwhile, 124-190/124-200 becomes near term resistance.