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(H18) Initial Focus On.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Initial Focus On 120-25+/121-22+
*RES 4: 123-05+ Highs Jan 11 & 16
*RES 3: 122-30  Hourly resistance Jan 17
*RES 2: 122-22  Hourly support Jan 17 now resistance
*RES 1: 122-20  Low Jan 12 now resistance
*PRICE: 122-05 @ 0530GMT
*SUP 1: 121-22+ Monthly Low July 1 2011
*SUP 2: 120-25+ Low Apr 29 2011
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Topside hesitation has taken its toll with repeated fresh 2018 and
6+ year lows that see bears focused on 120-25+/121-22+. The Bollinger base
(122-06+) is a concern for bears and recently limited follow through. Bulls now
need a close above 122-22 to ease bearish pressure and hint at a correction back
to 123-05+/123-20. Bears still need a close below 121-22+ to add weight to their
case.

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