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(H9) Returns to Neutral *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Returns to Neutral
*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: 122-06+ @ 16:17 GMT, Feb 20
*SUP 1: 121-19+/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 120-04/119-29+ 100-dma/200-dma
*SUP 4: 118-25+ 76.4% 117-13+-123-08
10-Yr futures sit just below down trendline resistance from the Jan 3 highs,
with bulls needing a close above 122-10 to confirm a breakout. Above here would
open the Jan 3 high at 123-08, ahead of a run at the Dec 29 2017 high at
124-02+. On the downside bears need to clear the Feb 13 low & 50-dma at
121-21/19. A break would suggest a run at the Jan 18 low at 121-02, ahead of the
Dec 26 low at 120-28.
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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