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(U0) Corrective Pullback.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Corrective Pullback
*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: 138-31+ @ 11:47 BST, Jul 1
*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
*SUP 4: 136-22 Low Jun 5 and the bear trigger
10yr futures traded higher Monday and initially Tuesday before finding
resistance at 139-14, yesterday's high. Despite the pullback, the outlook
remains bullish. Price has been edging closer towards 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 confirm a resumption
of the broader uptrend and expose 140-00. Key support is at 138-07.

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