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(U18) Accelerating Higher,.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Accelerating Higher, Testing Downtrend
*RES 4: 120-200 High Jul 6
*RES 3: 120-135 High Jul 19
*RES 2: 120-050 Downtrend support from May 30 high
*RES 1: 120-040 Intraday high
*PRICE: 1120-015 @ 11:29 GMT
*SUP 1: 119-160 Hourly low Aug 9
*SUP 2: 119-020 Low Aug 1
*SUP 3: 119-000 Support
*SUP 4: 118-295 Low Jun 13
The 10-Year Future has accelerated higher through the the 50-dma at 119-255,
which had been defining the upper end of the recent trading range. This break
higher is now pressuring the major downtrend resistance, currently intervening
at the 120-060 level. A further break above here will open the way towards
120-135 and then 120-200. The former range top at 119-270 now forms initial
support.

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