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(Z18) 21-DMA First Support.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA First Support
*RES 4: 120-20 High Aug 28
*RES 3: 119-29 200-dma
*RES 2: 119-15+ 100-dma
*RES 1: 119-06 Oct 26 high
*PRICE: 118-26 @ 16:18 GMT, Oct 30
*SUP 1: 118-08 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-26 61.8% Retracement of 103-20+ to 135-15+
Monday's rally above 119 proved difficult to maintain, with prices pulling back
somewhat Tuesday following a weak close. To reignite negative momentum, bears
eye a close below the 21-dma at 118-08 ahead of the Oct 8 low at 117-13+ to
build on recent momentum and retain the longer-term downtrend. Bulls need a firm
close back above 119 to re-establish control, before challenging the 100 &
200-dma's at 119-15+/29.
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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