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(U0) Tests The Key 139-25......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Tests The Key 139-25 Resistance
*RES 4: 140-22+ High Mar 9 and key resistance (cont)
*RES 3: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low
*RES 2: 140.00 High Mar 17 (cont) and psychological barrier
*RES 1: 139-25 High Mar 25 and Intraday high
*PRICE: 139-18 @ 11:36 BST Jul 24
*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 edged higher today to register a fresh high print of 139-25 before
pulling back. The outlook remains bullish. Note that 139-25 also marks the high
on Mar 25 and represents a major resistance. A break would confirm a resumption
of the uptrend and expose 140-00, Mar 17 high (cont) and a key psychological
barrier. On the downside, key support lies at 138-23+ where a break is required
to signal a reversal. Initial support is seen at 139-00+.

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