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(U18) Neutral Outlook Intact...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Neutral Outlook Intact
*RES 4: 122-19 High Feb 2 (Continuation chart)
*RES 3: 121-04 200-dma
*RES 2: 121-03 High May 30
*RES 1: 120-24 High Aug 22
*PRICE: 120-12 @ 09:32 GMT
*SUP 1: 119-27 Former range top, now support
*SUP 2: 119-22 100-DMA (U18 contract)
*SUP 3: 119-12 Hourly low Aug 8
*SUP 4: 119-02 Low Aug 1
10-year futures extended their recovery from 50-dma & uptrend support off Aug 1
lows yesterday, keeping the outlook neutral for now. Bears continue to target
the 119-27 former range top and a break below here opens the 100-dma (U18
contract) at 119-22, ahead of the August lows at 119-02. A break above the Aug
22 high of 120-24 is now required to turn the picture bullish again, but
momentum is working against such a move currently.

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