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MNI: US 10YR FUTURE TECHS: (Z9) Correcting *RES 4:...>

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MNI: US 10YR FUTURE TECHS: (Z9) Correcting
*RES 4: 130-26 High Oct 11
*RES 3: 130-15+ High Nov 1 and key bull trigger
*RES 2: 130-02+ High Nov 4
*RES 1: 129-21+ Channel top drawn off Oct 8 high and 50-day EMA
*PRICE: 129-05+ @ 11:16 GMT, Nov 15
*SUP 1: 128-10+ Low Nov 13
*SUP 2: 127-31+ Low Nov 7 and bear trigger
*SUP 3: 127-21+ Projected bear channel base drawn off Sep 3 high
*SUP 4: 127-06+ 1.236 progression of Sep 3 - Sep 13 decline from Oct 4 high
10yr futures continued to recover yesterday as prices correct last weeks
sell-off. Initial resistance at 129-12, Nov 7 high has been breached and
attention turns to 129-21+, channel resistance drawn off the Oct 8 high.
Clearance of this level would suggest scope for a stronger recovery and open
130-15+, Nov 1 high. For now the move higher is viewed as a correction with
support at 128-04+. The bear trigger for a resumption of weakness is 127-31+.

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