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(H19) Bulls Still Firmly in....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H19) Bulls Still Firmly in Control
*RES 3: 122-19/21 50% 127-28+-117-13+/Feb 6 high
*RES 2: 121-12+/13+ May 30 high/38.2% 127-28+-117-13+
*RES 1: 120-30 Weekly high
*PRICE: 120-29+ @ 16:04 GMT, Dec 10
*SUP 1: 118-23 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Having surged to fresh 7-month highs last week, US Tsy futures extend the
uptrend and look on track to challenge the 121 level. Bulls target the May 30
high & 38.2% retracement at 121-12/13+, above here opens the Feb 6 high at
122-21. Bears need a close back below the 200-dma at 119-18+ to regain control,
focusing on a break of the 50-dma at 118-23, ahead of the Oct 8 low at 117-13+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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