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(Z18) Bounces Off 50-DMA.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bounces Off 50-DMA
*RES 4: 120-20 Aug 28 high
*RES 3: 119-24 200-dma
*RES 2: 119-09+ 100-dma
*RES 1: 119-06 Oct 26 high
*PRICE: 118-31 @ 16:20 GMT, Nov 15
*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
Bulls extended gains throughout the Wednesday session having broken above the
50-dma. This bullish close fed Thursday's price action nicely, managing to break
above the 119-00 for the first time since the end of October. Resistance above
is layered between the Oct 26 high at 119-06 up to 119-24, which will need to be
recovered to extend the upward trend. Bears need a close below the 50-dma to
regain the upper hand, returning focus to the Oct 8 low at 117-13+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com