(U0) 139-25 Marks The Bull Trigger

• RES 4: 140-22+ High Mar 9 and key resistance (cont)
• RES 3: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low
• RES 2: 140.00 High Mar 17 (cont) and psychological barrier
• RES 1: 139-25 High Mar 25 and Jul 24 and bull trigger
• PRICE: 139-14+ @ 11:38 BST Jul 28
• SUP 1: 139-00+ Low Jul 13
• SUP 2: 138-23+ Low Jul 2 and key near-term support
• SUP 3: 138-07 Low Jun 16 and reversal trigger
• SUP 4: 137-22 Low Jun 10

10yr futures have traded lower this week but despite this, the outlook
remains bullish. Note that 139-25, Friday's high also marks the high on
Mar 25 and represents a major resistance. Attention is on this level where
a break would confirm a resumption of the uptrend and expose 140-00,
Mar 17 high (cont) and a key psychological barrier. Key support remains
138.23+, a breach would signal a reversal. Initial support is 139-00+.