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(H18) Long Term Support Still...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Long Term Support Still Intact, 116-067 Resistance
*RES 4: 116-147 Hourly recovery high Dec 14
*RES 3: 116-117 Dec 18 high
*RES 2: 116-065/067 Dec 29 high, Dec 18 low
*RES 1: 116-027 Jan 3 high
*PRICE: 115-260 @1128GMT
*SUP 1: 115-235/240 Intraday, Jan 4 lows
*SUP 2: 115-192 5 year bear channel base projection
*SUP 3: 115-027 3 month bear channel base projection
*SUP 4: 114-255 1% volatility band
*COMMENTARY* Fresh downside pressure continues this week following the inability
to traverse the 50% Fibo retrace level at 116-192 last month. A spike low of
115-235 today before again finding some support, ahead of the longer term
supports between 115-192/115-027. Meanwhile, 116-067 still provides main
resistance. Above and congested 116-117/116-147 lies ahead of any attempt at a
real recovery. 

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