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(H18) Topside Follow Through...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Topside Follow Through Lacking
*RES 4: 122-30 Hourly resistance Jan 17
*RES 3: 122-20 Low Jan 12 now resistance
*RES 2: 122-05+ Hourly resistance Feb 6a
*RES 1: 121-23 Hourly resistance Feb 6
*PRICE: 121-19 @ 0930GMT
*SUP 1: 121-05+ Low Feb 6
*SUP 2: 120-18 2018 Low Feb 5
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 118-24 Low Apr 13 2011
*COMMENTARY: Bulls have failed to capitalise on the bullish key day reversal
with the contract rejected ahead of key 122-20 resistance and remaining heavy.
The break back below 121-10+ reconfirms initial focus to 2018 lows and then
below 120-18 to target the 117-29/119-24 support region where levels last seen
in 2011 are noted. Bulls still need a close above 122-20 to shift initial focus
to 123-05+/20 where the 55-DMA is noted.

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