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(Z18) 21-DMA Fails To..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA Fails To Contain
*RES 3: 119-15/16+ 100-dma/38.2% retracement from 2000 lows to 2012 highs
*RES 2: 119-06 50-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-17 @ 16:27 GMT, Oct 23
*SUP 1: 118-07 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Bear channel bottom (continuation chart) / Breakout target from
triangle pattern (continuation chart)
Bulls comfortably took 10y futures above the 21-dma Tuesday and well above last
week's best levels at 118-14. This shifts the near-term outlook positive and
puts markets on track to mount a potential reversal pattern. This brings the Sep
28 high at 119-00 into view as well as the 100-dma and long-term Fibo resistance
at 119-15/16+. Above here would mark a significant improvement in the
longer-term outlook. Below the 21-dma keeps the downtrend intact and the Oct 8
low at 117-13+ in sight.

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