(U0) Shies Away From Major.....>

US 10YR FUTURE TECHS: (U0) Shies Away From Major Resistance

*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+ Intraday high & 0.618 proj. of Jun 5 - 11 rally from Jun 16 low

*PRICE: 139-14 @ 16:10 BST Jul 10

*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 rallied into the close Thursday and remain firm. The contract has

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 where a breach would confirm an

important technical development and importantly confirm a resumption of the

broader uptrend, exposing 140-00 initially. Key support is at 138-23+.