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(H9) 122-15 Next Target *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) 122-15 Next Target
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-02+ Dec 29 2017 high
*RES 1: 123-08 Jan 3 high
*PRICE: 122-09 @ 16:16 GMT, Feb 19
*SUP 1: 121-18+/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 120-03/119-30 100-dma/200-dma
Bond bulls made a decent attempt on the upper trendline of the contracting
triangle formation Tuesday and a break above here would open a move toward the
year's best levels at 122-15. This would extend the broader uptrend. Above here
would initially open the Jan 3 high at 123-08, ahead of a run at the Dec 29 2017
high at 124-02+. On the downside bears need to clear the Feb 13 low & 50-dma at
121-21/18+, to bring the Jan 18 low at 121-02 into view. A break would enable a
run at the 100-dma at 120-03.
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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