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(U18) Bears Now Need Close.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bears Now Need Close Below 118-29+
*RES 4: 119-30  Hourly support July 23 now resistance
*RES 3: 119-26+ Alternating Daily support/resistance
*RES 2: 119-22+ High July 25
*RES 1: 119-18+ High July 26
*PRICE: 119-09 @ 0430GMT
*SUP 1: 119-06  Low June 14
*SUP 2: 118-29+ Monthly Low June 13
*SUP 3: 118-19  High May 22 now support
*SUP 4: 118-09  Low May 21
*COMMENTARY: Resistance layers building adds to bearish confidence as does
topside hesitation around the 55 (119-20+) & 100 (119-23+) DMAs. Bears currently
focus on 118-29+/119-06. Bears now look for a close below 118-29+ to add weight
to the case for a test of May lows (117-30). Bulls now need a close above 119-30
to shift focus back to the key 120-13+/20 resistance region.

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