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(H0) Under Pressure *RES 4:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Under Pressure
*RES 4: 130-04+ High Dec 3
*RES 3: 129-14 High Dec 12 and near-term bull trigger
*RES 2: 129-02 High Dec 13
*RES 1: 128-22 High Dec 30
*PRICE: 128-15+ @ 10:50 GMT, Dec 31
*SUP 1: 127-29 Low Dec 13 and bear trigger
*SUP 2: 127-18+ 1.618 projection of the Oct 3 to Nov 7 low from Dec 3 high
*SUP 3: 127-00 Round number support
*SUP 4: 126-31+ 1.764 projection of the Oct 3 to Nov 7 low from Dec 3 high
10yr futures are consolidating for now. The outlook is unchanged and remains
bearish with attention on the 127-29 key support. A breach would confirm a
resumption of the broader down move and maintain the bearish price sequence of
lower lows and lower highs. This would open 127-18+, a Fibonacci projection and
the 127-00 level. Initial resistance is at 128-22 however, a break of 129-14,
Dec 12 high is needed to reverse the outlook.

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