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(H18) Pressure Continues,.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Pressure Continues, Heading Towards 61.8% Fibo Level 
*RES 4: 115-270 Dec 26 low, now resistance
*RES 3: 115-222 Jan 11 high
*RES 2: 115-200 Jan 16 high
*RES 1: 115-095/117 Hourly resistance, Jan 12 low
*PRICE: 115-055 @1140GMT
*SUP 1: 114-320 Jan 22 low
*SUP 2: 114-300 9 week bear channel base projection
*SUP 3: 114-252 61.8% Fibo of 108-152/124-320
*SUP 4: 114-245 3 month bear channel base projection
*COMMENTARY* Has continued to fall, the latest low at 114-320 yesterday, as we
make our way towards the first of two channel base projections, the 9 week at
114-310. The second coming in at the slightly lower 114-245 level, basically in
line with the next key Fibo retrace level, the 61.8% at 114-252. In the interim,
resistance from 115-095/115-117 is now the first obstacle to cross,
115-200/115-222 higher.

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