(U0) Looking For A Break.......>

US 10YR FUTURE TECHS: (U0) Looking For A Break Higher

*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: 139-16 @ 16:34 BST Jul 16

*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 are slightly stronger but continue to trade below 139-22+, Jul 10

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+.