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(H9) Triangle Formation *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Triangle Formation
*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: 121-31 @ 15:47 GMT, Feb 18
*SUP 1: 121-18/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 120-03/119-29 100-dma/200-dma
*SUP 4: 118-25+ 76.4% 117-13+-123-08
10-Yr futures continue to trade in a contracting triangle formation with the
near term upside focus on the Feb 8 high at 122-15 and the downside focus on the
Feb 13 low at 121-21. A bullish break would open the Jan 3 high at 123-08. A
break of the triangle base would suggest a run at the 50-dma & Jan 18 low at
121-18/02, below here would enable a run at 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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