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(H0) Correcting *RES 4:........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Correcting
*RES 4: 132-02+ High Oct 3 and Oct 7 and key resistance
*RES 3: 131-29 Feb 3 high
*RES 2: 131-20+ High Feb 4
*RES 1: 131-04+ Intraday high
*PRICE: 130-18+ @ 15:58 GMT, Feb 5
*SUP 1: 130-13+ Low Jan 29 and key near-term support
*SUP 2: 129-21+ 50-day EMA
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures have reversed direction for now and continue to unwind the recent
sharp rally. Yesterday's pullback saw prices fall through 130-30 support, the
Jan 31 low. This signals scope for a deeper pullback towards the Jan 29 low of
130-13+. The technical condition had recently entered an overbought zone and the
pullback marks an unwinding of the overbought condition. Initial resistance is
at today's 131-04+ intraday high.

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