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(Z18) 21-DMA Counters *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA Counters
*RES 4: 120-20 Aug 28 high
*RES 3: 119-24 200-dma
*RES 2: 119-11 100-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 117-27+ @ 16:10 GMT, Nov 8
*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
After failing to break back above the 21-dma Wednesday, 10-year futures failed
to gather any further steam Thursday and prices remain below the 118-00 level.
Immediate focus turns to the Oct 8 low at 117-13+ to resume the downtrend, below
here opens the breakout target from the triangle pattern at 116-20. Bulls focus
turns toward the 21-dma at 118-10, a break above here opens the Sep 28 high
119-00, ahead of the 100 & 200-dma's at 119.11/24.
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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