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(Z17) 124-230/124-130..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) 124-230/124-130 Becomes Near Term Support
*RES 4: 125-195 38.2% Fibo of 127-285/124-060
*RES 3: 125-160 Oct 19 high
*RES 2: 125-135 76.4% Fibo of 125-255/124-060
*RES 1: 125-035/055 Oct 31 high, hourly base Oct 19
*PRICE: 124-255 @1125GMT
*SUP 1: 124-230/235 Hourly support
*SUP 2: 124-130 Minor congestion area Oct 27
*SUP 3: 124-060/065 Oct 25, Mar 29 lows
*SUP 4: 123-235 76.4% Fibo of 122-145/127-285
*COMMENTARY* Downside continued last week, resulting in a challenge to the Mar
29 low at 124-065. That push lower resulted in some oversold conditions and the
scope for some recovery. This has now broken back above 125-005/125-015 which
allows some greater correction of recent losses from the Oct 13 high at 125-255.
In this respect, 125-055/125-135 then possible. In the meantime, 124-230 is
initial support, while 124-130 protects 124-065/124-060 again.

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