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(Z18) 118-00 Tough to Crack....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 118-00 Tough to Crack
*RES 4: 120-20  Aug 28 high
*RES 3: 119-23+ 200-dma
*RES 2: 119-10+ 100-dma
*RES 1: 119-00  Sep 28 high
*PRICE: 117-31  @ 10:35 GMT, Nov 9
*SUP 1: 117-13+ Oct 8 low
*SUP 2: 116-20  Breakout target from triangle pattern (continuation chart)
*SUP 3: 115-26  61.8% Retracement of 103-20+ to 135-15+
*SUP 4: 114-21  Aug 7 2007 low
10-year futures have so far been unable to break back above 118-00, which keeps
the broader bearish trend intact. Focus turns to the Oct 8 low at 117-13+ to
extend the downtrend, below here opens the breakout target from the triangle
pattern at 116-20. Bulls need to recover the 21-dma at 118-09, a break above
here opens the Sep 28 high 119-00, ahead of the 100 & 200-dma's at 119.10+/23+.

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