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(H0) Volatile *RES 4: 131.00...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Volatile
*RES 4: 131.00 Round number resistance
*RES 3: 130-28+ High Oct 11
*RES 2: 130-17+ High Nov 1
*RES 1: 130-06 Intraday high
*PRICE: 129-07+ @ 11:43 GMT, Jan 8
*SUP 1: 129-04+ Low Jan 7
*SUP 2: 128-20 Low Jan 3
*SUP 3: 127-29 Low Dec 13 and bear trigger
*SUP 4: 130-28+ High Oct 11
10yr futures futures rallied earlier today to a high of 130-06 before retracing
the entire rally. Despite this volatile price action, the near-term outlook
remains bullish. Futures have recently breached 129-14, Dec 12 high and
overnight did probe resistance at 130-04+, Dec 3 high. Potential is seen for a
retest of 130-06, now seen as the trigger for a resumption of strength. A break
would open 130-17+, Nov 1 high. Initial support has been defined at 129-04+.

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