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(U0) All Eyes On Key...........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) All Eyes On Key Resistance
*RES 3: 139-25 Contract high, Mar 25
*RES 2: 139-22+ 0.618 projection of Jun 5 - 11 rally from Jun 16 low
*RES 1: 139-13+/16 High May 15 / High Apr 21 and key resistance
*PRICE: 139-10 @ 16:09 BST, Jun 30
*SUP 1: 138-25+ Low Jun 25
*SUP 2: 138-07 Low Jun 16 and key near-term support
*SUP 3: 137-22 Low Jun 10
10yr futures traded higher Monday and the Tuesday session saw the contract
holding onto gains. Price has been edging closer towards the next key resistance
of 139-13+, May 15 high and did test this level yesterday. A break would open
139-16, Apr 21 high and the trigger for a recovery towards major resistance at
139-25, Mar 25 high. Clearance of 139-25 would confirm a resumption of the
broader uptrend and expose 140-00. Key support has been defined at 138-07, Jun
16 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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