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(U18) Layers of Support.........>

US 5YR FUTURE TECHS: (U18) Layers of Support 113-05/13
*RES 4: 120-24  Hourly resistance May 30a
*RES 3: 113-26  High July 6
*RES 2: 113-21+ Hourly resistance July 6
*RES 1: 113-19  Hourly support July 6 now resistance
*PRICE: 113-17+ @ 0930GMT
*SUP 1: 113-13  21-DMA
*SUP 2: 113-12+ Low June 26
*SUP 3: 113-13+ Daily Bull channel base off May low
*SUP 4: 113-08  55-DMA
*COMMENTARY: The lack of topside follow through Friday and failure to gain
traction on the break of 113-25+ leaves the contract looking offered. The
113-26/29+ resistance region is key. Bulls need a close above to initially
target 114-05+/15+ where a bull channel top and May highs are located. Layers of
support remain with bears needing a close below 113-05 to confirm breaks of 21 &
55-DMAs and the bull channel base and hint at a move back to 112-14+ May lows.

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