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(H0) 100-dma Opens New Highs...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) 100-dma Opens New Highs
*RES 4: 130-28+ High Oct 11
*RES 3: 130-22 61.8% Sep - Dec Decline
*RES 2: 130-17+ High Nov 1
*RES 1: 130-06 High Jan 8 and a key resistance
*PRICE: 129-31 @ 16:20 GMT, Jan 23
*SUP 1: 128-29 Low Jan 17
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
*SUP 4: 128-05 Low Dec 30 and Low Jan 2
10yr futures traded very well Thursday and importantly have breached resistance
around the 100-dma at 129-20. The breach of this level effectively negates the
recent bearish outlook and instead signals a stronger developing bullish theme.
Attention is on 130-06, the Jan 8 high and the next key resistance. A break
would reinforce bullish conditions and open 130-17+, the Nov 1 high initially.
Key support is at 128-29, Jan 17 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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