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(U18) Below 119-13+ Shifts.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Below 119-13+ Shifts Focus To May Low
*RES 4: 120-06+ Hourly support July 20 now resistance
*RES 3: 119-30  Hourly support July 23 now resistance
*RES 2: 119-26+ Alternating Daily support/resistance
*RES 1: 120-20+ 55-DMA
*PRICE: 119-17+ @ 0430GMT
*SUP 1: 119-13+ Low June 21
*SUP 2: 119-06  Low June 14
*SUP 3: 118-29+ Monthly Low June 13
*SUP 4: 118-19  High May 22 now support
*COMMENTARY: Narrowed Bollinger bands hinted at a breakout and bears have not
been disappointed with a close below the 55-DMA that sees immediate pressure on
119-13+. Bears need a close below this level to shift overall focus back to
tests of May lows (117-30) with below 118-29+ to add weight to their case. Bulls
now need a close above 119-30 to gain breathing room and above 120-20 to confirm
focus on the key 121-03/12 region.

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