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(Z9) Firmer Within Its Bear....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Firmer Within Its Bear Channel
*RES 4: 130-02+ High Apr 4
*RES 3: 129-24 Trendline resistance drawn off Oct 8 high
*RES 2: 129-22 50-Day EMA
*RES 1: 129-14 Intraday high
*PRICE: 129-11+ @ 18:49 GMT, Nov 14
*SUP 1: 128-04+ Low Nov 12
*SUP 2: 127-31+ Low Nov 7 and bear trigger
*SUP 3: 127-24+ Projected bear channel base drawn off Sep 3 high
*SUP 4: 127-06+ 1.236 progression of Sep 3 - Sep 13 decline from Oct 4 high
10yr futures continued to recover as prices correct last weeks sell-off. Prices
have breached initial resistance at 129-12, Nov 7 high and attention turns to
129-24, channel resistance drawn off the Oct 8 high. Clearance of this latter
level would suggest scope for a stronger recovery and open 130-15+, Nov 1 high.
For now the move higher is being viewed as a correction with initial support at
128-04+. The bear trigger for a resumption of weakness is 127-31+.

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