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(U9) Falters at the Fibo.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Falters at the Fibo
*RES 4: 134-07+ High Jul 6 2016
*RES 3: 131-23+ High Sep 30 2016
*RES 2: 131-11 High Aug 15
*RES 1: 131-01 123.6% of Oct 2018 low to July 2019 2019
*PRICE: 130-19 @ 16:21 BST, Aug 16
*SUP 1: 129-12 Low Aug 8
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 120-02/12 50-dma/Trendline drawn off Apr 17 low
*SUP 4: 126-04+ 100-dma
After making another high Thursday, the technical outlook continues to look
positive. TY still needs to close above the 131-01 Fibo projection drawn off the
October 2018 lows to July 2019 highs. A close above here would accelerate the
move higher, bringing the September 2016 highs of 131-23+ into focus. To the
downside, a break of key 100-dma support at 126-04+ is required to change the
outlook.

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