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(U0) Consolidating But.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Consolidating But Remains Bullish
*RES 4: 140-00 Psychological round number
*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: 139-14/16 High Jun 30 / High Apr 21 and key resistance
*PRICE: 139-00+ @ 16:24 BST Jul 07
*SUP 1: 138-23+ Low Jul 2
*SUP 2: 138-07 Low Jun 16 and key near-term support
*SUP 3: 137-22 Low Jun 10
*SUP 4: 136-22 Low Jun 5 and the bear trigger
10yr futures remain bullish despite the pullback off last week's high. Price has
recently traded close to key resistance of 139-16, Apr 21 high. This level marks
the trigger for a recovery towards major resistance at 139-25, Mar 25 high. A
break of 139-25 would represent an important technical break and confirm a
resumption of the broader uptrend, exposing initially the 140-00 handle. Key
support remains 138-07, a break would risk a deeper pullback.

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