(H18) Recovery Still...........>

US 10YR FUTURE TECHS: (H18) Recovery Still Beholden To 123-115/123-080 Support

*RES 4: 124-135 Dec 18 high

*RES 3: 124-070 Dec 15 low, now resistance

*RES 2: 124-025 Dec 29 high

*RES 1: 123-285 Jan 3 high

*PRICE: 123-180 @1140GMT

*SUP 1: 123-115/130 Mar 17, Dec 21, intraday lows

*SUP 2: 123-080 3 month bear channel base 

*SUP 3: 122-205 Mar 10, Mar 14 lows

*SUP 4: 121-145/155 Dec 15 low, 1% volatility band

*COMMENTARY* 123-290/123-295 support gave way late last month. The subsequent

fall breaking below the long term 76.4% Fibo retrace level at 123-235. A low of

123-125 seen so far, just above the Mar 17 low at 123-115 and also the 3 month

bear channel base at 123-080 today. Subsequently we have seen a rise to 124-025

but still needs through here and then 124-070 before the chance of seeing a

better recovery. Loss of 123-080 would caution now.