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(H0) Bearish Focus *RES 4:.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bearish Focus
*RES 4: 130-17+ High Nov 1
*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: 128-03+ @ 16:15 GMT, Dec 18
*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
*SUP 4: 126-31+ 1.764 projection of the Oct 3 to Nov 7 low from Dec 3 high
10yr futures remain quiet having rallied off the day's low on Friday followed by
a retracement this week. 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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