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(H18) Remains Capped Ahead.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Remains Capped Ahead Of 21-DMA
*RES 4: 124-15+ Daily Bear channel top
*RES 3: 124-10+ 55-DMA
*RES 2: 124-02+ High Dec 29
*RES 1: 123-29+ 21-DMA
*PRICE: 123-16+ @ 0530GMT
*SUP 1: 123-12+ Low Dec 21
*SUP 2: 123-07+ High Mar 13 now support
*SUP 3: 122-29+ Daily Bear channel base
*SUP 4: 122-20+ Monthly Low Mar 14
*COMMENTARY: Despite recovering from Dec lows the contract has remained capped
ahead of the 21-DMA. Bulls now look for a close above 124-02+to confirm an
easing of bearish pressure and return focus to layers of resistance 124-10+/23
where the 55-DMA and bear channel top are situated. While the 21-DMA caps
immediate bearish focus remains on tests of the bear channel base coming in
around 122-29+.

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