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(Z9) Retreating off Tuesday....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Retreating off Tuesday high
*RES 3: 134-07+ High Jul 6 2016
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-28+ 3% Upper Bollinger Band
*PRICE: 131-31 @ 11:06 BST, Sep 4
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-13+ 50-dma
*SUP 3: 128-14+ Low Aug 2
Despite the decent intraday move Tuesday, 10yr futures have failed to maintain
the move, retreating back below the 132-00 handle and returning the near-term
outlook to neutral. Nonetheless, a renewed leg higher toward the 133-00 level on
the cards in the medium term, with vol resistance sitting ahead at 132-28+. To
the downside, a break below 130-16 would be needed to shift the outlook
resolutely more bearish, which would open early August lows at 129-12 and the
50-/100-dmas.
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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