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(H0) Recent Recovery Extends...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Recent Recovery Extends
*RES 3: 130-06 High Jan 8 and a key resistance
*RES 2: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 1: 129-18 61.8% retracement of the Jan 8 - Jan 9 decline
*PRICE: 129-10+ @ 16:32 GMT, Jan 15
*SUP 1: 129-04 Intraday low
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
10yr futures traded firmer Wednesday, extending the past 5-day recovery. Whether
this is the start of a stronger bull run is too early to tell. The sharp
sell-off from Jan 8 still hangs over sentiment and for now the recovery is
considered a correction. Further gains would open 129-18, 61.8% of the Jan 8 -
Jan 9 decline. A break of 129-18 is needed to signal a stronger bullish outlook
and open 130-06, Jan 8 high and key resistance. Support lies at 129-04 and
128-25.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com