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(Z9) Searching for bottom......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Searching for bottom
*RES 3: 133-29 2.0% 10-dma envelope
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-20 3% Upper Bollinger Band
*PRICE: 130-13+ @ 15:30 GMT, Sep 10
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-06+ 50-dma
*SUP 3: 128-14+ Low Aug 2
10yr futures inched lower again Tuesday, hitting new pullback lows of 130-11+.
The outlook remains relatively neutral, with a retracement back below 129-28
needed to shift the trend negative. Any fall through here opens key support at
the 129-12 and a fall through here would cement the outlook bearish. The
proximity to the Fed decision in just a few weeks' time makes a reversal in
either direction unlikely for now. For bulls to wrest control, a recovery back
above 132-00 is needed ahead of any test on vol band resistance at 132-20.

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