(Z9) Gains Are Likely..........>

US 10YR FUTURE TECHS: (Z9) Gains Are Likely Corrective

*RES 4: 130-26 High Oct 11

*RES 3: 130-15+ High Oct 31

*RES 2: 130-02+ High Nov 4

*RES 1: 129-21 High Nov 5

*PRICE: 129-10 @ 18:23 GMT, Nov 6

*SUP 1: 128-27+ Low Nov 5

*SUP 2: 128-16 Low Sep 13 and primary support

*SUP 3: 128-04 1.000 projection of Sep 3 - Sep 13 decline from Oct 4 high

*SUP 4: 128.00 Round number support

10yr futures have retraced a small portion of the past 3-days' sell-off. From a

directional perspective, the outlook remains bearish following yesterday's break

of former support at 129-01+. This confirmed a resumption of the downtrend that

has been in place since Oct 4. Attention is on the Sep 13 low of 128-16 where a

break would set the scene for a decline towards the 128-00 handle and

potentially 127-17, Jul 31 low. Initial resistance is at 129-21.