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(H0) Fades the Bounce *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Fades the 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: 131-12+/16+ High Feb 10 / 76.4% of the Feb 3 - Feb 6 decline
*PRICE: 130-24+ @ 16:50 GMT, Feb 13
*SUP 1: 130-19+ Low Feb 12
*SUP 2: 130-07 Low Jan 29 and key near-term support
*SUP 3: 129-29+ 50-day EMA
*SUP 4: 129-17+ Low Jan 23
10yr futures faded an early bounce to keep the outlook somewhat negative
Thursday. The technical outlook remains bearish following the sharp losses
between Feb 3 and Feb 6. The recent recovery between Feb 6 - Feb 10 is viewed as
a correction. Scope is seen for a move towards 129-29+, an area of support
highlighted by the 50-day EMA. Resistance has been defined at 131-12+.

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