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(Z18) Eyes a Flat Weekly.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Eyes a Flat Weekly Close
*RES 3: 119-23+ 200-dma
*RES 2: 119-10+ 100-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-04 @ 16:03 GMT, Nov 9
*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+
After generally trending lower after the US midterm elections, 10-year futures
bounced Friday as bearish momentum lacked the follow through to test support at
117-13+. This shifts the picture to broadly neutral on the week and, in order to
regain a semblance of control, bulls need a recovery above the 118-08+ and
118-22+ levels to shift focus to 119-00. Should the Friday rally fade, focus
will turn to the Oct 8 low at 117-13+ to extend the downtrend and a break below
here opens the breakout target from the triangle pattern at 116-20.
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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