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(H18) Key 124-065/124-050......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Key 124-065/124-050 Support Remains Under Pressure
*RES 4: 124-315/320 7 week falling res line, Nov 28 high
*RES 3: 124-275 Nov 29 high
*RES 2: 124-230 Initial low Nov 29, now resistance
*RES 1: 124-155/175 Hourly resistance
*PRICE: 124-100 @1225GMT
*SUP 1: 124-065 Nov 14 low
*SUP 2: 124-050 76.4% Fibo of 123-270/125-065
*SUP 3: 123-270 Oct 25, Oct 27 lows
*SUP 4: 123-155 7 week bear channel base projection
*COMMENTARY* The key 124-050/124-065 support area has withstood pressure this
month but with the failure to regain levels back above 124-320, pressure has
once again returned to the downside.  Loss of 124-050 will see the potential for
an added 123-270 fall next. That said, near term conditions are becoming
increasingly oversold, so a move back above 125-155/124-175 would provide some
respite and a move back up the recent range.

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