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(Z9) Tests 129-17 Initial.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Tests 129-17 Initial Support
*RES 4: 131-10+ 76.4% retracement of Oct 4 - Oct 29 decline
*RES 3: 130-28+ 61.8% retracement of Oct 4 - Oct 29 decline
*RES 2: 130-26 High Oct 11
*RES 1: 130-15+ High Oct 31
*PRICE: 129-19 @ 16:14 GMT, Nov 4
*SUP 1: 129-17 Low Oct 31
*SUP 2: 129-01+ Low Oct 28/29
*SUP 3: 128-31 Low Sep 17
*SUP 4: 128-16 Low Sep 13 and primary support
10yr futures remain softer today, retracing last weeks recovery off 129-01+.
Prices have traded down to initial support at 129-17, Oct 31 low and this level
needs to remain intact if we are to see a near-term recovery and a test of
resistance at 130-15+, Nov 1 high. An ability to clear 130-15+ would open 130-26
and 130-28+, 61.8% retracement of the Oct 4 - Oct 29 decline. Sub 129-17 levels
however would expose key support at 129-01+ once again.

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