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(Z9) Looking For A Break.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Looking For A Break Lower
*RES 3: 132-01 High Sep 5
*RES 2: 131-24 High Oct 4
*RES 1: 130-19/15 High Oct 14 / 50-dma
*PRICE: 129-24 @ 15:00 GMT, Oct 25
*SUP 1: 129-15/07+ Support line from Jul 16 / 100-dma
*SUP 2: 129-03+ Low Sep 19
*SUP 3: 128-24 Low Sep 16
A quiet few sessions to end the week, leaving 10yr futures unchanged and
continuing to trade sideways. Further pressure on the 100-dma at 129-07+ is
still seen likely near-term while resistance at 130-19, Oct 14 high and the
50-dma at 130-15 remains intact. The contract is trading just ahead of a support
line drawn off the July 16 low that today intersects at 129-15. A break would
reinforce the bearish theme. Bulls need to clear 130-19/20+ to alter the
picture.
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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