(Z18) Fades Further *RES 3:....>

US 10YR FUTURE TECHS: (Z18) Fades Further

*RES 3: 119-28 200-dma

*RES 2: 119-13+ 100-dma

*RES 1: 119-00 Sep 28 high

*PRICE: 118-17 @ 16:38 GMT, Oct 31

*SUP 1: 118-07 21-dma

*SUP 2: 117-13+ Low Oct 8

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

A third session of lower lows brings the 21-dma into view following losses

throughout the European session which were largely sustained into Chicago trade.

This confirms the shift of focus back to the downside. A break of 118-07

re-ignites the longer-term downtrend, opening the Oct 8 cycle low at 117-13+,

below which lies the breakout target from the triangle pattern down at 116-20.

Bulls need a close back above 119 to re-establish control, before challenging

the 100 & 200-dma's at 119-13+/28.