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(H18) Pressure Returns To......>

US 10YR FUTURE TECHS: (H18) Pressure Returns To The Downside After 122-190 Caps
*RES 4: 123-050 Jan 16 high
*RES 3: 122-190/200 Feb 6 high, Jan 12 low
*RES 2: 122-055 Hourly high Feb 6
*RES 1: 121-185/195 Feb 9, Feb 7 highs
*PRICE: 121-025 @1045GMT
*SUP 1: 120-200 Feb 12 low
*SUP 2: 120-170 Feb 8 low
*SUP 3: 120-115 61.8% Fibo of 111-005/135-155
*SUP 4: 119-310 1% volatility band
*COMMENTARY* Found some support after briefly breaking below the 6 year bear
channel base but holding above the lower 1% volatility band and also the 61.8%
Fibo retrace level at 120-115. The bounce has however been short lived so far,
last Tuesday's 122-190 high proving difficult to sustain and subsequent downside
pressure has resumed, 120-200 now the protection against a 120-170 return and
perhaps that 61.8% Fibo level at 120-115. Resistance 121-195/122-055.

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