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(Z9) Resumes Its Slide *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Resumes Its Slide
*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: 128-24 @ 11:24 GMT, Nov 7
*SUP 1: 128-16 Low Sep 13 and primary support
*SUP 2: 128-04 1.000 projection of Sep 3 - Sep 13 decline from Oct 4 high
*SUP 3: 128-00 Round number support
*SUP 4: 127-27+ Projected bear channel base drawn off Sep 3 high
10yr futures are under pressure once again confirming a resumption of the
current downleg. Today's sell-off has resulted in a break of Tuesday's 128-27+
low and attention turns to the key support of 128-16, Sep 13 low. Clearance of
this support would add fuel to the current trend paving the way for weakness
towards the 128-00 handle and potentially 127-27+. The latter is the base of a
potential bear channel drawn off Sep 3 high. Initial resistance is at 129-21.

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