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(H18) Fibo Level Gives Way.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Fibo Level Gives Way But Finds Support At 148-12
*RES 4: 151-06/12 Jan 17 high, Jan 2 low
*RES 3: 150-20 Congestion highs Jan 11-15
*RES 2: 150-10 Jan 15, 16 lows, now resistance
*RES 1: 149-17 Jan 11, Jan 12 lows, now resistance
*PRICE: 149-12 @1155GMT
*SUP 1: 148-12 Jan 22 low
*SUP 2: 147-16 6 week bear channel base projection 
*SUP 3: 147-06 5 month bear channel base 
*SUP 4: 146-23/25 Mar 14 low, 2% volatility band
*COMMENTARY* Having lost 149-17 support last Friday, has now  broken below the
key 76.4% Fibo retrace level at 148-24. Beneath here and two bear channel base
projections are next, the 6 week at 147-16 and the 5 month at 147-08, just above
the lower 2% volatility band at 147-06 today. As a result, nearest resistance
comes from two former sets of lows, at 149-17 and then 150-10. It is
150-10/150-20 that rallies need to break for any chance of real respite.

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