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(H0) Corrective Pullback.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Corrective Pullback
*RES 4: 132-11 3.0% Upper Bollinger Band
*RES 3: 132-04 1.764 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 2: 132-02+ High Oct 3 and Oct 7 and key resistance
*RES 1: 131-29 Feb 3 high
*PRICE: 130-28+ @ 16:40 GMT, Feb 4
*SUP 1: 130-26+ Low Feb 4
*SUP 2: 130-13+ Low Jan 29 and key near-term support
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures have reversed direction for now and started some unwinding of the
recent sharp rally. Tuesday's pullback saw prices fall through 130-30 support,
marking 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 also marks the likely start of an unwinding of overbought
conditions. Resistance is 131-20+, intraday high and 131-29, Feb 3 high.

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