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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Respects the Range
*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: 122-06+ @ 15:51 GMT, Feb 11
*SUP 1: 121-11+/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-29+/28 100-dma/200-dma
Prices pulled back somewhat Monday despite 10-Yr futures breaking above down
trendline resistance from the Jan 3 high, meaning those looking for the Jan 31
high at 122-19 for direction will have been left disappointed. Nonetheless,
there's no clear pick-up in downside momentum, with markets needing a break of
the 50-dma & Jan 18 low at 121-11+/02 to enable a run at the 120-28 Dec 26 low.
To the upside, a break above the Jan31 high would shift momentum back on the Jan
3 high at 123-08, ahead of the Oct 25 2017 low at 124-06.
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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