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(H9) Bulls Need To Top.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Bulls Need To Top 121-27
*RES 3: 124-02+ Dec 29 2017 high
*RES 2: 123-08 Jan 3 high
*RES 1: 122-09 Jan 14 high
*PRICE: 121-22+ @ 16:03 GMT, Jan 29
*SUP 1: 121-02+ Jan 18 lows
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-17/06 100-dma, Oct 26 high
Treasuries broke above the down trendline resistance from the early January peak
at the halfway point, keeping the momentum in favour of the bulls. A break above
the 121-27 mark is now required to keep prices grinding higher. Despite this,
trend and momentum indicators are still in negative territory, suggesting
pressure is set to remain on the downside in the near-term. Initial support is
placed at 121-14+, but once below here the focus will be on 121-08+ and then the
121-02 corrective low. Risk remains for a final move lower to 120-25+ (50-dma)
before the uptrend is resumed.
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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