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(H9) Playing the Range *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Playing the Range
*RES 3: 127-28+ Sep 8, 2017 high
*RES 2: 124-02+ Dec 29 2017 high
*RES 1: 123-08 Jan 3 high
*PRICE: 121-15 @ 16:23 GMT, Jan 23
*SUP 1: 120-04+ Dec 12-13 lows
*SUP 2: 119-23 200-dma
*SUP 3: 119-20/06 100-dma, Oct 26 high
*SUP 4: 118-25+ 76.4% 117-13+-123-08
Failure to take out the 21-dma resulted in prices pulling off recent highs and
retreating back toward the middle of the recent range. Any further downside will
bring the Dec 26 low at 120-28 into view, ahead of the Dec 12-13 lows at
120-04+. A break of 120 opens a deeper correction towards the 200 & 100-dma's at
119-24/20+. Bulls need to clear the 21-dma at 121-23 for the next leg higher,
above here shifts the outlook positive, targeting the Jan 14 high at 122-09.

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