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

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

*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: 139-18/19 Congestion area, high Jul 16, 17 and 20 / High Jul 21

*PRICE: 139-15+ @ 18:56 BST Jul 21

*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 stalled Monday at 139-18. This level also capped gains late last

week and represents a S/T congestion area although a brief probe to 139-19 was

achieved Tuesday. Futures are still trading below 139-22+, Jul 10 high but a

bullish outlook remains intact. The contract recently cleared 139-16, Apr 21

high to signal the end of the broad sideways move that dominated since April.

This opens 139-25, Mar 25 high. Key support is still at 138-23+.