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(H0) Short-Term Bounce *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Short-Term 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: 131-04+ High Feb 5
*PRICE: 131-00+ @ 16:12 GMT, Feb 7
*SUP 1: 130-07 Low Jan 29 and key near-term support
*SUP 2: 129-23+ 50-day EMA
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures recovered Friday. Recent sharp losses however are expected to weigh
on price and for now, the recovery is likely a correction. This week futures
cleared support at 130-30, the Jan 31 low and 130-13+, Jan 29 low signalling
scope for a deeper pullback towards 129-23+, an area of support highlighted by
the 50-day EMA. The recent pullback marks an unwinding of the overbought
condition. Initial resistance is at the Wednesday low of 131-04+.

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