(U0) Bullish Outlook Intact....>

US 10YR FUTURE TECHS: (U0) Bullish Outlook Intact

*RES 4: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low

*RES 3: 140-00 Psychological round number

*RES 2: 139-25 Contract high, Mar 25

*RES 1: 139-22+ High Jul 10 & 0.618 proj. of Jun 5 - 11 rally from Jun 16 low

*PRICE: 139-10 @ 16:10 BST Jul 15

*SUP 1: 138-23+ Low Jul 2 and key near-term support

*SUP 2: 138-07 Low Jun 16 a reversal trigger

*SUP 3: 137-22 Low Jun 10

*SUP 4: 136-22 Low Jun 5 and primary support

10yr futures continue to trade below the Jul 10 high. Despite the recent

pullback form this high, a bullish outlook remains in place. The contract

recently cleared 139-16, Apr 21 high. This signals the end of the broad sideways

move that has dominated price action since April. The break paves the way for a

test of major resistance at 139-25, Mar 25 high. A break here would resume the

broader uptrend, exposing 140-00 initially. Key support remains 138-23+.