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(M18) 120-230/120-240 In Way...>

US 10YR FUTURE TECHS: (M18) 120-230/120-240 In Way Of Increased Recovery
*RES 4: 122-030 Feb 6 high
*RES 3: 121-145 76.4% Fibo of 122-020/119-140
*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: 120-085 @1235GMT
*SUP 1: 120-025 Mar 2 low
*SUP 2: 119-230 Congestion area Feb 15-Feb 28
*SUP 3: 119-140 Feb 15 low
*SUP 4: 118-275 1% volatility band
*COMMENTARY* The recovery has stalled at 120-230, 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 comes from Friday's
120-025 low and then from the congested 119-230 region. Back below here will
caution and switch interest back to the downside.

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