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(H0) Bullish Focus Remains.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bullish Focus Remains In Place
*RES 4: 130-28+ High Oct 11
*RES 3: 130-17+ High Nov 1
*RES 2: 130-04+ High Dec 3 and primary resistance
*RES 1: 129-21 High Jan 6
*PRICE: 129-09 @ 17:06 GMT, Jan 7
*SUP 1: 128-20 Low Jan 3
*SUP 2: 127-29 Low Dec 13 and bear trigger
*SUP 3: 127-18+ 1.618 projection of the Oct 3 to Nov 7 low from Dec 3 high
*SUP 4: 127-00 Round number support
Despite finding resistance at yesterday's high, 10yr futures maintain a bullish
outlook. Futures have recently breached 129-14, Dec 12 high. The break
undermines the recent bearish focus and signals scope for a climb towards
130-04+, Dec 3 high and the primary resistance. A break of this level would
represent a significant technical breach. First support has been identified at
128-20, Friday's low. A move through this support would open 127-29, Dec 13 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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