(Z18) Bearish Below 21-DMA.....>

US 10YR FUTURE TECHS: (Z18) Bearish Below 21-DMA

*RES 4: 119-12 100-dma 

*RES 3: 119-00 Sep 28 high 

*RES 2: 118-16+ Oct 1 low 

*RES 1: 118-07+ 21-dma 

*PRICE: 118-05+ @ 05:55 GMT, Oct 22 

*SUP 1: 117-13+ Low Oct 8 

*SUP 2: 116-30 Bear channel bottom (continuation chart) 

*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart) 

*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29 

The 21-dma acted as resistance late last week keeping the downtrend intact and

the focus on the Oct 8 low at 117-13+. A break below this level would bring the

bear channel bottom at 116-30 into play. Bulls need a break of the 21-dma, now

at 118-07+, to shift the short-term outlook more positive, opening the Sep 28

high at 119-00. Above here would mark a significant improvement in the

longer-term outlook.