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

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Fibo Level Gives Way, Eyeing Channel Supports
*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, hourly resistance
*PRICE: 149-05 @1137GMT
*SUP 1: 148-07 Jan 24 low
*SUP 2: 147-03 6 week & 5 month bear channel base projection 
*SUP 3: 146-23 Mar 14 low
*SUP 4: 146-15 2% volatility band
*COMMENTARY* Having lost 149-17 support last week, 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 and the 5 month, both at 147-03 today. These
above the Mar 14 low at 146-23. 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.

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