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

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: 139-19 @ 16:05 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+.