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(M18) 121-01+ Resistance.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 121-01+ Resistance Remains Key
*RES 4: 121-24+ 55-DMA
*RES 3: 121-01+ High Feb 7
*RES 2: 120-26+ Daily Bear channel top (off Jan 2 high)
*RES 1: 120-13+ Hourly resistance Mar 2
*PRICE: 120-11 @ 0530GMT
*SUP 1: 120-00 Alternating hourly support/resistance
*SUP 2: 119-21 Repeated Daily lows Feb
*SUP 3: 119-14 Monthly Low Feb 15
*SUP 4: 118-21 Daily Bear channel base
*COMMENTARY: Bulls failed to capitalise on gains with the contract remaining
capped ahead of the bear channel top. Bulls still need a close above 121-01+ to
shift initial focus to 121-24+/122-02 where the 55-DMA is located. Support
layers emerging adds to bullish confidence with bears still needing a close
below 120-00 to shift focus away from resistance layers and initially pressure
119-14 Feb lows. A close below targets the channel base (118-21+).

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