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(H18) 55-DMA Continues To......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 55-DMA Continues To Cap
*RES 4: 125-06+ Monthly high Nov 8, Bollinger top 
*RES 3: 125-00 High Nov 28 
*RES 2: 124-27+ 55-DMA 
*RES 1: 124-19 Low Nov 27 now resistance
*PRICE: 124-13 @ 2030GMT
*SUP 1: 124-09 Hourly resistance Dec 1 now support
*SUP 2: 123-27 Lows Oct 25 & 27
*SUP 3: 123-25 Low Mar 30
*SUP 4: 123-10+ Daily Bear channel base
*COMMENTARY: A volatile end to the week saw the contract almost trade the week's
range on the day only to remain capped around the 55-DMA and ahead of the bear
channel top (124-28+). This week bulls look for a close above 125-00 to confirm
an easing of bearish pressure and above 125-14 to shift to a bullish bias and
target an overall move back to 127-28+. The Bollinger top is a concern for bulls
with potential to limit follow through.

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