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(H0) Corrective Bounce *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Corrective Bounce
*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: 131-16+ 76.4% retracement of the Feb 3 - Feb 6 decline
*PRICE: 131-03 @ 11:38 GMT, Feb 10
*SUP 1: 130-07 Low Jan 29 and key near-term support
*SUP 2: 129-23+ 50-day EMA
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures recovered Friday and today. Recent sharp losses though are expected
to weigh on price and for now, the recovery is likely a correction. Last week
futures cleared support at 130-30, the Jan 31 low and 130-13+, Jan 29 low
signalling scope for a deeper pullback towards 129-25, an area of support
highlighted by the 50-day EMA. The recent sell-off marks an unwinding of the
overbought condition. Initial resistance is at 131-16+.

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