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(H9) Outright Bullish Trend....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Outright Bullish Trend
*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: 121-04 @ 15:53 GMT, Dec 20
*SUP 1: 119-19 200-dma
*SUP 2: 119-08+/06 100-dma, Oct 26 high
*SUP 3: 117-13+ Oct 8 low
The Wednesday rally topped out at 121-13+, touching the 38.2% retracement level
of 127-28-117-13. A close above here would see bulls re-ignite momentum
targeting a move toward the Feb 6 high at 122-21. A downside break of the
ascending trendline at 120-06 is needed to return the outlook neutral, opening a
run at the 200 & 100-dma's at 119-19 & 119-08+ 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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