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(H18) Rallies Well After.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Rallies Well After Finding Support From 1% Vol Band
*RES 4: 123-125 Dec 21 low, now resistance
*RES 3: 123-050 Jan 16 high
*RES 2: 122-190/200 Intraday high, Jan 12 low
*RES 1: 122-110 Hourly resistance 
*PRICE: 122-005 @1230GMT
*SUP 1: 121-015 Initial recovery high Feb 5, now support
*SUP 2: 120-260 6 year bear channel base projection
*SUP 3: 120-180 Feb 5 low, 1% volatility band
*SUP 4: 120-115 61.8% Fibo of 111-005/135-155
*COMMENTARY* Has 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 given some elasticity given the almost
one way fall since early November last year. A high of 122-190 seen so far
today, just below the Jan 12 low at 122-200. Above which 123-050/123-125 become
possible. Support 121-015 and then from that bear channel base at 120-260.

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