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(Z18) Treading Water *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Treading Water
*RES 3: 119-27+ 200-dma
*RES 2: 119-13 100-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-18 @ 16:48 GMT, Nov 1
*SUP 1: 118-08 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Treasuries hold the neutral technical picture for now, with prices holding at
the mid-point of the Wednesday range. Prices remain well clear of support from
the 21-dma, currently at 118-08. A break below here 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
119-13/27+.

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