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(H9) Plays the Range *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Plays the Range
*RES 3: 127-28+ Sep 8, 2017 high
*RES 2: 124-02+ Dec 29 2017 high
*RES 1: 123-08 Jan 3 high
*PRICE: 121-14 @ 16:06 GMT, Jan 25
*SUP 1: 120-04+ Dec 12-13 lows
*SUP 2: 119-23+ 200-dma
*SUP 3: 119-20+/06 100-dma, Oct 26 high
*SUP 4: 118-25+ 76.4% 117-13+-123-08
Treasuries have failed to trade outside the January channel of 121-02 to 122-09
for another session, sticking close to the middle of the recent range. Markets
faded attempts to break above 122-00 Thursday, putting the onus back on the
lower end of the range. Bulls need a weekly close above the 21-dma to build on
recent momentum, first targeting the Jan 14 high at 122-09, ahead of a run at
the Jan 3 peak. Bears need a downside break of the Jan 18 low at 121-02, opening
a run at the Dec 26 low at 120-28, ahead of the Dec 12-13 lows at 120-04+.

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