(H18) Recovery So Far Lacks....>

US 30YR FUTURE TECHS: (H18) Recovery So Far Lacks A 153-17 Break

*RES 4: 154-26/27 Nov 8, Nov 28 highs

*RES 3: 154-15/18 Dec 15, Dec 6 highs

*RES 2: 153-15/17 Dec 19 high, 76.4% Fibo of 154-15/150-14

*RES 1: 153-03/04 Dec 29, Dec 27 highs

*PRICE: 151-28 @1106GMT

*SUP 1: 151-12 Jan 2 low

*SUP 2: 151-07/08 Dec 22, Dec 21 highs, now support

*SUP 3: 150-14 Dec 20 low

*SUP 4: 150-07/10 May 11, Oct 27 lows

*COMMENTARY* The decline at the back end of last month found support from

150-14, keeping us above the key 150-10/150-07 lows from October and May last

year. The subsequent recovery has been impressive, reaching above 152-30

resistance, but with a high of 153-04, so far remains below the next resistance

of note, the 76.4% Fibo retrace level at 153-17. As a result, support moves to

151-12 and then more importantly 151-08/151-07.