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(Z17) Close Above 124-22 To....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Close Above 124-22 To Gain Breathing Room
*RES 4: 125-05+ Hourly support Oct 19 now resistance, 21-DMA 
*RES 3: 125-01+ Hourly resistance Oct 20 
*RES 2: 124-28 Hourly support Oct 23 now resistance 
*RES 1: 124-22 High Oct 25
*PRICE: 124-17+ @ 0130GMT
*SUP 1: 124-12+ Hourly resistance Oct 25 now support
*SUP 2: 124-06 Low Oct 25
*SUP 3: 124-00+ Rising Weekly TL
*SUP 4: 123-12+ Daily Bear channel base B
*COMMENTARY: The sell-off Wednesday adds to bearish confidence although the lack
of follow through and proximity of the Bollinger base (124-17+) are concerns for
bears. In saying that, bulls now need a close above 124-22 to gain breathing
room and above the 21-DMA to return pressure to the key 125-16+ resistance.
Bears currently focus on 123-12+/124-00+ where the daily bear channel base and
rising weekly TL are located.

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