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(Z9) Deeper Pullback Likely....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Deeper Pullback Likely
*RES 4: 130-28+ 61.8% retracement of Oct 4 - Oct 29 decline
*RES 3: 130-26 High Oct 11
*RES 2: 130-15+ High Oct 31
*RES 1: 130-02+ High Nov 4
*PRICE: 129-12+ @ 11:38 GMT, Nov 5
*SUP 1: 129-09 Intraday low
*SUP 2: 129-01+ Low Oct 28/29
*SUP 3: 128-31 Low Sep 17
*SUP 4: 128-16 Low Sep 13 and primary support
10yr futures remain under pressure as prices retrace further last weeks recovery
off 129-01+. Former support at 129-17, Oct 31 low has been breached signalling
scope for a deep[er pullback with, 129-01+ exposed. This latter level is last
weeks low and a break would confirm a resumption of the downtrend that started
on Oct 4. This in turn would open 128-16, Sep 13 low. On the upside, initial
resistance is at 130-02+. Heavy for now.

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