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(H0) Bearish Focus Intact......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bearish Focus Intact
*RES 3: 130-04+ High Dec 3
*RES 2: 129-14 High Dec 12 and near-term bull trigger
*RES 1: 129-02 High Dec 13
*PRICE: 128-17+ @ 16:40 GMT, Dec 17
*SUP 1: 127-29 Low Dec 13
*SUP 2: 127-18+ 1.618 projection of the Oct 3 to Nov 7 low from Dec 3 high
*SUP 3: 127-00 Round number support
10yr futures are relatively quiet having rallied off the day's low on Friday
followed by a retracement Monday. The recovery Friday is being viewed as a
correction with underlying trend conditions still bearish. On Friday, futures
traded below the key support at 127-30, Nov 7 low. This indicates a resumption
of the downtrend and opens 127-18+, a Fibonacci projection and the 127-00 level.
On the upside, clearance of 129-14, Dec 12 high is needed to reverse the
outlook.
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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