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(H9) Trend Weakening *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Trend Weakening
*RES 3: 124-02+ Dec 29 2017 high
*RES 2: 123-08 Jan 3 high
*RES 1: 122-09 Jan 14 high
*PRICE: 121-20 @ 1601 GMT, Jan 30
*SUP 1: 121-02+ Jan 18 lows
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-22/23+ 100-dma/200-dma
Trend and momentum indicators remain firmly in negative territory since the turn
of the year, suggesting pressure is set to remain on the downside in the
near-term. Initial support is placed at 121-14+, but once below here the focus
will be on 121-08+ and then the 121-02 corrective low. Risk remains for a final
move lower to 120-28+ (50-dma) before the uptrend is resumed. Gains above 121-27
are needed to provide an initial positive signal, but 122-09 confirms a
corrective bottom.

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