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(H9) Bullish Momentum Holds....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Bullish Momentum Holds
*RES 4: 127-28+ Sep 8, 2017 high
*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: 122-10 @ 1556 GMT, Jan 31
*SUP 1: 121-02+ Jan 18 lows
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-24/23 200-dma/100-dma
*SUP 4: 118-25+ 76.4% 117-13+-123-08
Having cleared the 21-dma, Treasury futures, the outlook has shifted somewhat
bullish, opening the Jan 3 high at 123-08. Above here brings the Dec 29 peak
into view, ahead of a run at the long-term 50% retracement of 134-07+-117-13+ at
125-26+. On the downside bears look for a break back below the Jan 18 low at
121-02 to regain control. Below here would enable a run at the Dec 26 low at
120-28, ahead of the Dec 12,13 lows at 120-04+.
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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