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(H18) Pressuring Channel.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Pressuring Channel Base/2018 Low
*RES 4: 121-23  Hourly resistance Feb 6
*RES 3: 121-08  Hourly support Feb 9 now resistance
*RES 2: 120-27  Low Feb 13 now resistance
*RES 1: 120-19+ Low Feb 13 now resistance
*PRICE: 120-04+ @ 2030GMT
*SUP 1: 120-01  2018 Low Feb 15
*SUP 2: 119-26+ Daily Bear channel base
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Continued failures ahead of the 120-27 resistance are taking their
toll with immediate pressure back on 2018 lows. Bears look for a close below
119-24 to confirm a break of the bear channel base and to focus on 117-29/118-24
last seen in 2011. Bulls need a close above 120-27 to gain breathing room and
above 121-23 to hint at a correction to 122-20/123-05+ with the 55-DMA at
122-23+. The Bollinger base (119-27+) remains the key concern for bears.

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