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(H9) Consolidation Mode *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Consolidation Mode
*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: 122-04 @ 15:43 GMT, Feb 7
*SUP 1: 121-07/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-27+/26 100-dma/200-dma
10-Yr futures managed to equal the Jan3 high Thursday, topping out at 122-08
before largely resuming its consolidation phase. Treasuries are showing no clear
direction with topside focus remaining on the Jan 31 high at 122-19 and the
downside focus on the 50-dma & Jan 18 low at 121-07/02. A break above the Jan 31
high would shift focus back on the Jan 3 high at 123-08. A break improves the
longer-term outlook, opening a run at the Oct 25 2017 low at 124-06. On the
downside, a break of the Jan 18 low would enable a run at the Dec 26 low at
120-28.

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