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US 10YR FUTURE TECHS
  • RES 4: 134-19 38.2% 2020 - 2021 Sell-off
  • RES 3: 134-12+ High Feb 26
  • RES 2: 134-02 Bull channel top drawn off the May30 low
  • RES 1: 133-22+ High Jul 7
  • PRICE: 133-16 @ 16:42 BST Jul 7
  • SUP 1: 132-30 High Jun 21 and recent breakout level
  • SUP 2: 132-05+ Bull channel base drawn off the May 30 low
  • SUP 3: 131-24+/14 Low Jun 25 / Low Jun 17 and a key support
  • SUP 4: 131-01 Low May 13

US Treasury futures continue to climb and have topped the Jun 21 high of 132-30 and 133-06+, Jun 11 high. The recovery from the Jun 17 and 25 lows highlighted a rebound from the base of a bull channel drawn off the Mar 30 low. The extension strengthens a short-term bullish theme and opens 134-02 next, the bull channel top. Initial support is at 132-30.

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