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(Z9) Dire ISM prompts test.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Dire ISM prompts test of Fib resistance
*RES 4: 132-13 High Sep 3
*RES 2: 131-15+ 76.4% retracement Sep 3 - Sep 13
*RES 3: 131-11+/15+ High Sep 9 / Sep 6
*RES 1: 130-29/29+ Intraday high / 61.8% retracement Sep 3 - Sep 13
*PRICE: 130-26+ @ 10:33 GMT, Oct 1
*SUP 1: 129-20 Intraday low
*SUP 2: 129-12 Low Sep 20
*SUP 3: 129-03+ Low Sep 19
*SUP 4: 128-16 Low Sep 13 and key support
US 10YR futures cleared congestion resistance layered between 130-13/25 as ISM
Manufacturing data fell well below expectations. The bidtone was evident well
into the close, with bulls only slowing on approach into Fib resistance at
130-29+. To the downside, any resumption lower would signal an increased
likelihood prices will re-test the key support at 128-16, low Sep 13.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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