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(U0) Tests Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-04+ 0.764 projection of Jun 5 - 15 rally from Jun 16 low
  • RES 3: 126-00 Round number resistance
  • RES 2: 125-31+ 0.618 projection of Jun 5 - 15 rally from Jun 16 low
  • RES 1: 125-28+ High Jul 10 and near-term bull trigger
  • PRICE: 125-263 @ 11:22 BST, Jul 29
  • SUP 1: 125-196 Low Jul 13
  • SUP 2: 125-166 Low Jul 2 and key near-term support
  • SUP 3: 125-096 Low Jun 16 and a reversal trigger
  • SUP 4: 125-03 Low Jun 10

5yr futures traded higher yesterday testing key resistance at 125-28+, Jul
10 high The outlook remains bullish. Recent gains resulted in a breach of
125-272, Mar 30 high to confirm a resumption of the uptrend. From a
trend perspective, the move higher maintains the positive price sequence
of higher highs and higher lows. A clear breach of 125.28+ would open
125-31+, a Fibonacci projection. Key support is 125-166, Jul 2 low.

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