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(M9) Eyes 122-22+-28...........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Eyes 122-22+-28 Resistance Band
*RES 3: 124-02+ Dec 29 2017 high
*RES 2: 123-17+ Jan 3 high
*RES 1: 122-28 Jan 31 high
*PRICE: 122-17 @ 15:59 GMT, Mar 7
*SUP 1: 121-02/01 Jan 18 low/38.2% 117-13+-123-08
*SUP 2: 120-17 100-dma
*SUP 3: 120-04+/03+ Dec 12-13 lows/200-dma
10-Yr futures got a measured boost Thursday thanks to Draghi's dovish ECB
appearance (negative US equity markets also underpinned), allowing bulls to eye
the crowded resistance band layered between 122-22+ and 122-28. A break here
gives renewed momentum the bulls, opening the Jan 3 high at 123-17+, ahead of
multi-month highs of 124-02+. Bears downide focus remains on the Jan 18 low &
38.2% retracement level at 121-02/01. Below here opens the 100 & 200-dmas at
120-17/03+.

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