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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 121-01+ Resistance Remains Key
*RES 4: 121-19+ 55-DMA
*RES 3: 121-01+ High Feb 7
*RES 2: 120-19+ Daily Bear channel top (off Jan 2 high)
*RES 1: 120-14+ Hourly resistance Mar 7
*PRICE: 120-01 @ 2030GMT
*SUP 1: 119-21  Repeated Daily lows Feb
*SUP 2: 119-14  Monthly Low Feb 15
*SUP 3: 118-24  Low Apr 13 2011
*SUP 4: 118-15+ 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 121-19+/122-02 where the 55-DMA is located. The break of
120-00 Monday adds to bearish confidence with a close below 119-21 remaining
needed to confirm focus on 118-15+/24 where the bear channel base that has
defined 2018 so far is noted.

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