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

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: 149-22/25 Jan 23 high, now resistance

*PRICE: 149-00 @1056GMT

*SUP 1: 148-12 Jan 22 low

*SUP 2: 147-12 6 week bear channel base projection 

*SUP 3: 147-04 5 month bear channel base 

*SUP 4: 146-23 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 147-12 and the 5 month at 147-04, these

above the lower 2% volatility band at 146-23 today. As a result, nearest

resistance now comes from 149-22/149-25 and then 150-10. It is 150-10/150-20

that rallies need to break for any chance of real respite.