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(U9) New cycle highs *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) New cycle highs
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 131-23+ High Sep 30 2016
*RES 1: 131-19+ Intraday High
*PRICE: 130-29+ @ 11:07 BST, Aug 26
*SUP 1: 129-12 Low Aug 8
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-16 50-dma
Having gapped higher at the Monday open, 10yr futures printed up at 131-19+,
taking out congestion resistance at 131-11 and Fib resistance just above the 131
handle. This keeps bulls on the front foot, suggesting medium-term targets at
131-23+ and even the 2016 highs at 134-07+ are a realistic prospect. Momentum
will need to pick up, however, with markets quickly retreating after the break
higher. Support lies at the 130-00 handle initially ahead of the 50-dma at
128-16.
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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