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(Z18) Challenging May Lows.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Challenging May Lows
*RES 4: 120-18  Descending trendline (off May and Aug highs)
*RES 3: 119-27  Former range top (Jul/Aug)
*RES 2: 119-16+ 100-DMA
*RES 1: 119-11+ Ascending Trendline (off May and Aug lows)
*PRICE: 118-18  @ 09:20 GMT, Sep 26
*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
10-Yr futures touched 118-11 yesterday, before meeting support from the May 17
low at 118-10. Recovery efforts hold shallow with bears focusing on a break of
118-10, before challenging the next support area at 117-29+ from the April 2011
low (Continuous contract), a break opens the Feb 2011 low (Continuous contract)
at 117-22. Bulls need to reclaim the 100-DMA at 119-17, before challenging
descending trendline resistance at 120-18.

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