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(H9) Bulls Remain on Front.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Bulls Remain on Front Foot
*RES 3: 124-02+ Dec 29 2017 high
*RES 2: 122-19/21 50% 127-28+-117-13+/Feb 6 high
*RES 1: 121-13+ Dec 19 high/38.2% 127-28+-117-13+
*PRICE: 121-11+ @ 15:07GMT, Dec 27
*SUP 1: 119-21- 200-dma
*SUP 2: 119-11/06 100-dma, Oct 26 high
*SUP 3: 117-13+ Oct 8 low
Treasury futures continue to hold above the 121 mark, sitting just below the
bottom of the current upward trend channel. Bulls need to take out Wednesday's
high at 121-13+ to build on recent momentum, targeting a move toward the 50%
retracement level & Feb 6 high at 122-19/21. Failure to hold above 121-00 brings
ascending trendline support at 120-06 into play. Below here turns the outlook
neutral, opening a run at the 200 & 100-dma's at 119-19+ & 119-09 respectively.
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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