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(Z18) Treading Water *RES 4:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Treading Water
*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: 118-27+ @ 09:29 GMT, Sep 28
*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 managed to hold above short-term support at 118-24 yesterday which
keeps the high of 118-31 in focus. Above here shifts 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. Bears focus on a break of 118-10, before
challenging next support at 117-29+ from the April 2011 low (Continuous
contract).

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