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US 10YR FUTURE TECHS

(U1)‌‌ Top End of Range

(Z9) 130-13 in sight *RES 4:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) 130-13 in sight
*RES 4: 134-07+ High Jul 6 2016
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 132-14+ 2% Upper Bollinger Band
*RES 1: 132-04 2.0% 10-dma envelope
*PRICE: 130-08 @ 16:33 BST, Sep 23
*SUP 1: 128-16 Low Sep 13
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-09 76.4% 127-00+ - 132-13
*SUP 4: 127-28 100-dma
After a subdued week of trade last week, Treasury futures started the week on
the front foot, keeping the bullish focus on 130-13. A close above here opens
vol band resistance at 132-03+ and 132-14+. Any move to these levels would flip
the outlook far more positive. For bears, the 50-dma remains the bear trigger,
which would open a further leg lower, initially targeting the Sep13 low at
128-16.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com