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(H0) Stalls Ahead Of 100-dma...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Stalls Ahead Of 100-dma
*RES 4: 130-06 High Jan 8 and a key resistance
*RES 3: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 129-21 100-dma
*RES 1: 129-20 Intraday high
*PRICE: 129-16+ @ 17:00 GMT, Jan 22
*SUP 1: 128-29 Low Jan 17
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
*SUP 4: 128-05 Low Dec 30 and Low Jan 2
10yr futures are firmer again but thus far still finding resistance ahead of the
100-dma at 129-21, the first target. Attention remains on the sharp sell-off
from Jan 8, which still hangs over sentiment. This suggests the near-term
outlook remains bearish with support at 128-29 and 128-17+ exposed. A break of
the latter, the Jan 9 low would open 127.29, Dec 13 low. On the upside, a clear
break of the 100-dma would instead target 129-25+ and 130-06, Jan 8 high.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com