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(M18) 120-230/120-240 Break....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 120-230/120-240 Break Would Aid Recovery Potential
*RES 4: 121-145 76.4% Fibo of 122-020/119-140
*RES 3: 121-135 1% volatility band
*RES 2: 121-010 Feb 9 high, 61.8% Fibo of 122-020/119-140
*RES 1: 120-230/240 Mar 1 high, 50% Fibo of 122-020/119-140
*PRICE: 120-060 @1024GMT
*SUP 1: 120-015/025 Hourly support
*SUP 2: 119-265 Mar 6, Mar 9 lows
*SUP 3: 119-230 Congestion area Feb 15-Feb 28
*SUP 4: 119-140 Feb 15 low
*COMMENTARY* The recovery stalled at 120-230 earlier in the month, just beneath
the 50% Fibo retrace level of the preceding 122-020/119-140 fall, at 129-240.
Will need the added stimulus of a break above the latter, before considering the
potential for increased 121-010/121-145 gains. In the interim, support once
again comes from the 120-025/120-015 area, this protecting against another fall
towards 119-265 and the congested 119-230 region. 

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