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(Z17) Continues Lower,.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Continues Lower, 124-255 The Next Key Support 
*RES 4: 126-045 Sep 25 high
*RES 3: 125-275 Congestion area Sep 22-25
*RES 2: 125-200 Sep 29 high
*RES 1: 125-170 Sep 20 low, now resistance
*PRICE: 125-035 @1015GMT
*SUP 1: 124-300 Intraday low
*SUP 2: 124-255 Jul 6, Jul 7 lows
*SUP 3: 124-170 61.8% Fibo of 122-145/127-285
*SUP 4: 124-110 1% volatility band
*COMMENTARY* Downside pressure continues following the reluctance to take on
126-055 resistance last week. The 50% Fibo retrace level at 125-055 has
subsequently given way, a low of 124-300 so far, as we head towards the next
support of note from 124-255. As a result, resistance falls as well, now
initially from 125-170/125-200 but back above the congested 125-275 region is
likely needed, before any real recovery can take place.

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