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(U18) Bullish Close Needed.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bullish Close Needed To Test July High
Treasuries rallied alongside global bond markets, with the Sep-18 contract
breaking above July 19 highs in early Asia to see 120-15+ printed at the NY
crossover. Monday's price action hasn't helped the bull's case for an extension
of the recovery from early-August lows of 119-02+. A close above the Friday high
of 120-13 will be required for any test on the 200-dma. Short-term focus remains
on the July high at 120-20. The former range top at 119-27 remains initial
support and holding above here maintains the positive technical picture.
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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