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(H0) Focus Is On 130-06........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Focus Is On 130-06 Resistance
*RES 4: 130-22 61.8% Sep - Dec Decline
*RES 3: 130-17+ High Nov 1
*RES 2: 130-06 High Jan 8 and a key resistance
*RES 1: 130-05 High Jan 24
*PRICE: 130-02+ @ 16:10 GMT, Jan 24
*SUP 1: 129-12 Low Jan 22
*SUP 2: 128-29 Low Jan 17 and key near-term support
*SUP 3: 128-25 Low Jan 14
*SUP 4: 128-17+ Low Jan 97
10yr futures traded maintain a firmer tone following this week's gains.
Resistance around the 100-dma at 129-20 has now been cleared. The breach of this
level effectively negates the recent bearish outlook and instead signals a
stronger bullish theme. Attention is on 130-06, the Jan 8 high and the next key
resistance. A break would reinforce bullish conditions and open 130-17+, the Nov
1 high initially. Key support is at 128-29, Jan 17 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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