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(H9) Retreats For a Second.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Retreats For a Second Session
*RES 4: 127-28+ Sep 8, 2017 high
*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: 121-30+ @ 16:03 GMT, Feb 12
*SUP 1: 121-13/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 119-30+/28+ 100-dma/200-dma
*SUP 4: 118-25+ 76.4% 117-13+-123-08
10-Yr futures failed to extend gains above the Jan 31 high which has created the
potential for a bearish reversal. Bears now target the 50-dma & Jan 18 low at
121-13/02, below which would enable a run at the Dec 26 low at 120-28. Bulls
focus remains on the Jan 31 high at 122-19. A break above here would shift focus
back on the Jan 3 high at 123-08, ahead of a run at 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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