(H18) Focus On Two Channel......>

US 5YR FUTURE TECHS: (H18) Focus On Two Channel Bases As 116-052 Support Creaks

*RES 4: 116-282 Nov 28 high

*RES 3: 116-252 Nov 29 high

*RES 2: 116-227 Dec 1 high

*RES 1: 116-170/177 Dec 6 high, 3 month falling res line

*PRICE: 116-050 @1145GMT

*SUP 1: 116-042/052 Intraday low, Dec 3, Dec 5 lows

*SUP 2: 116-012 9 week bear channel base projection

*SUP 3: 115-180 3 month bear channel base projection

*SUP 4: 115-055 1% volatility band

*COMMENTARY* The 116-052 area which has provided protection to the downside this

month, is currently under pressure. Lose here and then the 9 week bear channel

at 116-012 and the 3 month bear channel base at 115-180 are next supports, ahead

of the lower 1% volatility band at 115-055. There is still resistance from

between 116-170 and the 3 month falling resistance line at 116-177 to deal with,

before the upside is then in a position to challenge the Dec 1 high at 116-227.