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US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Likely To Remain On The Defensive
*RES 4: 130-17+ High Nov 1
*RES 3: 130-06 High Jan 8 and a key resistance
*RES 2: 129-18 61.8% retracement of the Jan 8 - Jan 9 decline
*RES 1: 129-05+ Post Payrolls High
*PRICE: 128-28+ @ 16:06 GMT, Jan 13
*SUP 1: 128-17+ Low Jan 97
*SUP 2: 128-05 Low Jan 2
*SUP 3: 128-00 Low Dec 24
*SUP 4: 127-29 Low Dec 13 and key support
10yr futures traded softer Monday. The sell-off last week on Jan 8 placed on
hold the recent bullish focus. Price failed to remain and close above resistance
at 129-21, Jan 6 high and the 50-day EMA, an indicator used as a reliable trend
signal. Furthermore, the recovery Thursday and Friday appears corrective in
nature. The focus is on 128-05, Dec 30 and Jan 2 low where a break would expose
127-29, Dec 13 low and key support. Resistance is 129-05+.
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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