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(U0) Eyeing The Next Hurdle....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Eyeing The Next Hurdle For Bulls
*RES 4: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low
*RES 3: 139-25 Contract high, Mar 25
*RES 2: 139-22+ High Jul 10 & 0.618 proj. of Jun 5 - 11 rally from Jun 16 low
*RES 1: 139-21+ High Jul 22
*PRICE: 139-18+ @ 11:34 BST Jul 23
*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 a reversal trigger
*SUP 4: 137-22 Low Jun 10
10yr futures maintains a firmer tone this week and trades close to the first key
hurdle for bulls at 139-22+, high Jul 10 and a projection level. The outlook
remains bullish however a move beyond 139-22+ is required to trigger a fresh
round of stronger gains that would open the major resistance at 139-25, Mar 25
contract high. On the downside, key support lies at 138-23+ where a break is
required to signal a reversal.

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