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(Z9) Under Pressure *RES 4:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Under Pressure
*RES 4: 130-04 Trendline resistance drawn off Oct 8 high
*RES 3: 129-30 50-Day EMA
*RES 2: 129-12 Intraday high
*RES 1: 128-27+ Low Nov 5 and former breakout point
*PRICE: 128-04 @ 18:05 GMT, Nov 7
*SUP 1: 127-31+Intraday low
*SUP 2: 127-27+ Projected bear channel base drawn off Sep 3 high
*SUP 3: 127-06+ 1.236 progression of Sep 3 - Sep 13 decline from Oct 4 high
*SUP 4: 126-20+ 1.382 progression of Sep 3 - Sep 13 decline from Oct 4 high
10yr futures remain under pressure having today confirmed a resumption of the
downtrend. Today's technical break has been the move below the key support of
128-16, Sep 13 low. The breach of this support adds fuel to the current trend
and note, the 128.00 objective has already been cleared, paving the way for
weakness towards the 127-27+ next. The base of a bear channel drawn off Sep 3
high. Initial resistance is at 129-21.

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