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(M18) 120-240/120-280 The......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 120-240/120-280 The Bar To Higher Recovery Hopes
*RES 4: 121-145 76.4% Fibo of 122-020/119-140
*RES 3: 121-010 Feb 9 high, 61.8% Fibo of 122-020/119-140
*RES 2: 120-280 Mar 23 high
*RES 1: 120-230/240 Mar 1 high, 50% Fibo of 122-020/119-140
*PRICE: 120-135 @0928GMT
*SUP 1: 120-080 Hourly support
*SUP 2: 119-300 Mar 20 low
*SUP 3: 119-215/220 Feb 27, Feb 28, Mar 21 lows
*SUP 4: 119-140 Feb 15 low
*COMMENTARY* Found support at 119-220 last Wednesday, basically midway between
the congested 119-230/119-215 area. Has been followed by a bounce, which having
moved through initial 120-160 resistance now requires a sustained rally through
the 120-240/120-280 region, before belief and confidence in a higher
121-010/121-145 recovery will appear. In the interim, support is seen from
120-080/119-300, the latter the protection against a return to 119-220/119-215.

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