(U0) Prints a New Cycle High

• RES 4: 140-31+ 1.0% 10-dma envelope
• RES 3: 140-22+ High Mar 9 and key resistance (cont)
• RES 2: 140-04 Upper 3.0% Bollinger Band
• RES 1: 140-02 High Jul 30 / 0.764 projection of Jun 5 - 11 rally from Jun 16 low
• PRICE: 139-30+ @ 16:14 BST Jul 30
• SUP 1: 139-08 Low Jul 28
• SUP 2: 139-00+ Low Jul 13
• SUP 3: 138-23+ Low Jul 2 and key near-term support
• SUP 4: 138-07 Low Jun 16 and reversal trigger

10yr futures continue to push higher and the outlook remains bullish. 139-25, Mar 25 and Jul 24 high has been cleared. This confirms a break of a key resistance and has also confirmed a resumption of the underlying uptrend with longer-term attention turning to the March high at 140-22+. On the downside, key support has been defined at 139-08+, a break of which would dent the current bullish tone.