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(M9) Set to Close Above 122....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Set to Close Above 122
*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: 122-04 @ 16:00 GMT, Mar 6
*SUP 1: 121-02/01 Jan18 low/38.2% 117-13+-123-08
*SUP 2: 120-16 100-dma
*SUP 3: 120-04+/02+ Dec 12-13 lows/200-dma
*SUP 4: 118-25+ 76.4% 117-13+-123-08
Having based at 121-20 Monday, Treasury futures recovered well off this level
and appear comfortable holding above the 122 handle for now. Bulls need a close
above here to reignite momentum and challenge the the Feb 27 high at 122-12. A
break would trigger a continuation pattern, opening the Jan 31 high at 122-19.
Bears downide focus remains on the Jan 18 low & 38.2% retracement level at
121-02/01. Below here opens the 100 & 200-dma's at 120-16/02.

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