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(H9) On Course to Test.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) On Course to Test 200-dma
*RES 4: 121-12+ High May 31
*RES 3: 120-20 Aug 22 high
*RES 2: 119-27+ Low Aug 29
*RES 1: 119-21+ 200-dma
*PRICE: 119-15 @ 16:29 GMT, Nov 30
*SUP 1: 118-17 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-26 61.8% Retracement of 103-20+ to 135-15+
10-year futures had a particularly strong week on the back of the Fed's dovish
turn, setting up bulls nicely for a test of the 119-21+ 200-dma. Treasuries
briefly traded above the 200-dma before falling back below and a close above
here would shift the medium-term picture bullish. Bears continue to target the
50-dma at 118-17. Below here would return the focus to the Oct 8 low at 117-13+,
ahead of the breakout target from the triangle pattern at 116-20.
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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