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(Z18) Broad Downtrend Intact...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Broad Downtrend Intact
*RES 4: 120-18  Descending trendline (off May and Aug highs)
*RES 3: 119-22/27 100-dma/Former range top (Jul/Aug)
*RES 2: 119-18  50% 120-24-118-11
*RES 1: 119-02  Aug 1 low, now resistance
*PRICE: 118-18  @ 09:19 GMT, Oct 1
*SUP 1: 117-29+ April 2011 low (Continuous contract)
*SUP 2: 117-22  February 2011 low (Continuous contract)
*SUP 3: 117-05+ 76.4% Retracement of 111-12+ to 135-29
*SUP 4: 115-46  61.8% Retracement of 103-20+ to 135-29
Failure to build on last week's recovery above 119-00, keeps the longer-term
downtrend in place with 10-Yr futures targeting a break of the 118-10 level,
before challenging next support at 117-29+ from the April 2011 low (Continuous
contract). Bulls need to overcome 119-00 to shift the short-term outlook
neutral, opening the 50% retracement level at 119-18, ahead of the 100-dma &
Former rage top (Jul/Aug) at 119-22/27.

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