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(U18) Bulls Still Need Close....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Bulls Still Need Close Above 113-21+
*RES 4: 113-29+ High May 31
*RES 3: 113-26  High July 6
*RES 2: 113-21+ High July 9
*RES 1: 113-20+ Hourly resistance July 19
*PRICE: 113-18 @ 0930GMT
*SUP 1: 113-17  Hourly support July 19
*SUP 2: 113-10+ 55-DMA
*SUP 3: 113-05  Low June 21
*SUP 4: 112-29  Monthly Low June 13
*COMMENTARY: The 55-DMA confirmed significance with the contract bouncing
aggressively to test the 113-21+ resistance. Bulls continue to look for a close
above this level to shift initial focus to 113-26/29+. Although topside
hesitation is a concern for bulls, a close below 113-17 is now needed to see
bears gain breathing room. Bears need a close below the 55-DMA to hint at a move
back to 112-25+/29 with below 113-05 to confirm.

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