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(H18) Immediate Focus On.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Immediate Focus On Channel Base
*RES 4: 124-02+ High Dec 29
*RES 3: 123-27+ 21-DMA
*RES 2: 123-20  High Jan 8
*RES 1: 123-09  Hourly support Jan 9 now resistance
*PRICE: 123-00+ @ 0530GMT
*SUP 1: 122-28+ Daily Bear channel base
*SUP 2: 122-22+ Monthly Low Apr 4 2014
*SUP 3: 121-22+ Monthly Low July 1 2011
*SUP 4: 120-25+ Low Apr 29 2011
*COMMENTARY: Topside failures around the 21-DMA have resulted in a break lower
and immediate focus on 122-22+/28+ where the bear channel base is located. Daily
studies remain well placed for further losses as resistance layers accumulate
and weigh. Bulls now need a close above 123-09 to ease immediate bearish
pressure and above the 21-DMA to shift focus to 124-02+/14+ where the bear
channel top and 55-DMA are noted.

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