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(U18) Bull Channel Base.........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Bull Channel Base Confirms Significance
*RES 4: 114-07+ Daily Bull channel top
*RES 3: 113-29+ High May 31
*RES 2: 113-26 High July 6
*RES 1: 113-21+ High July 9
*PRICE: 113-18+ @ 0930GMT
*SUP 1: 113-17 Hourly resistance July 10 now support
*SUP 2: 113-12+ Low June 26, Daily Bull channel base off May low
*SUP 3: 113-08+ 55-DMA
*SUP 4: 113-05 Low June 21
*COMMENTARY: The lack of topside follow through Friday and failure to gain
traction on the break of 113-25+ resulted in a dip back towards the daily bull
channel base. Bears look for a close below the channel base to ease bullish
pressure and below 113-05 to confirm traction below the 55-DMA and initially
target 112-25+/29. Above 113-21+ highs from Monday is needed to return initial
focus to 113-26/29+.

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