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(Z9) Sharp Slide Lower *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Sharp Slide Lower
*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 Intraday high
*PRICE: 128-31+ @ 18:53 GMT, Nov 5
*SUP 1: 128-24 Low Sep 16
*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 remained under pressure all day resulting in a break of
support at 129-01+. This confirms a resumption of the downtrend that has been in
place since Oct 4. Attention now turns to the Sep 13 low of 128-16 where a break
would in turn set the scene for a decline towards the 128-00 handle and 127-17
potentially, Jul 31 low. Initial resistance resides at today's high of 129-21.
Heavy for now.

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