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(Z9) Bullish Focus Intact......>

US 10YR FUTURE TECHS: (Z9) Bullish Focus Intact
*RES 4: 131-02+ 76.4% retracement of Oct 4 - Nov 7 decline
*RES 3: 130-26 High Oct 11
*RES 2: 130-15+ High Nov 1 and key bull trigger
*RES 1: 130-02 High Nov 21
*PRICE: 129-21 @ 11:34 GMT, Nov 22
*SUP 1: 129-08+ Former channel top drawn off the Oct 7 high
*SUP 2: 128-31 Low Nov 18
*SUP 3: 128-10+ Low Nov 13
*SUP 4: 127-31+ Low Nov 7 and bear trigger
10yr futures sold off yesterday but appear to be finding support today. A
bullish outlook is maintained following the break earlier this week of the bear
channel resistance drawn off the Oct 8 high. Attention is on resistance at
130-15+, Nov 1 high and the next key hurdle for bulls. On the downside, key
support remains 128-31, Nov 18 low where a break is required to neutralise the
current bullish theme.

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