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(U0) All Eyes On The 139-25 Resistance

US 10YR FUTURE TECHS
  • 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: 139-22+ @ 11:22 BST Jul 27
  • 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 edged higher Friday to register a fresh high print of 139-25.
The outlook remains bullish. Note that 139-25 also marks the high on Mar
25 and represents a major resistance. Attention is on this level where
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+.

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