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(H18) Volatility Band..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Volatility Band Protects Channel Bases
*RES 4: 150-10 Jan 15, Jan 16 lows, now resistance
*RES 3: 149-16/22 Jan 25, Jan 23 highs
*RES 2: 149-03 Jan 10 low, now resistance
*RES 1: 148-20/23 Hourly resistance
*PRICE: 147-22 @1105GMT
*SUP 1: 147-04 Jan 30 low, 1% volatility band
*SUP 2: 146-25 5 month bear channel base
*SUP 3: 146-22 7 week bear channel base
*SUP 4: 145-26 Mar 14 low
*COMMENTARY* Lost support from both 149-17 and the key key 76.4% Fibo retrace
level at 148-24 over the last couple of weeks. Beneath here and the lower 1%
volatility band at 147-04 by time today, is the next area of support, ahead of
the 7 week and 5 month bear channel base projections, between 146-25/146-22
today. Meanwhile, 148-20/148-23 and then more significantly 149-03 provide
resistance to any recovery efforts.

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