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(H0) Bullish Focus Placed On...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bullish Focus Placed On Hold
*RES 4: 130-28+ High Oct 11
*RES 3: 130-17+ High Nov 1
*RES 2: 130-06 High Jan 8 and a key resistance
*RES 1: 129-02+ 50 day EMA
*PRICE: 128-19+ @ 15:47 GMT, Jan 9
*SUP 1: 128-18 Low Jan 7/9
*SUP 2: 127-29+ 200-dma
*SUP 3: 127-29 Low Dec 13 and bear trigger
*SUP 4: 130-28+ High Oct 11
10yr futures were extremely choppy Wednesday as the market gyrated on the back
of developments in the Middle East. The sell-off places on hold a recent bullish
focus. Price failed to remain and close above resistance at 129-21, Jan 6 high
and the 50-day EMA, an indicator used as a reliable trend signal. Further
weakness would open 128-05, Dec 30 and Jan 2 low where a break would expose
127-29, Dec 13 low and key support. Resistance is 129-02+.
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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