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(U18) Range Top Tested *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Range Top Tested
*RES 4: 120-200 High Jul 6
*RES 3: 120-135 High Jul 19 
*RES 2: 119-305 Former support Jul 20 
*RES 1: 119-275 Jul 19 Low now resistance 
*PRICE: 119-240 @ 18:12 GMT 
*SUP 1: 119-020 Low Aug 1 
*SUP 2: 119-000 Support 
*SUP 3: 118-295 Low Jun 13 
*SUP 4: 118-180 Low May 23 
The 10Y Future pushed higher, testing the upper end of the range and the 50-dma
at 119-255. However, the medium term pivotal resistance in the 119-270/275 area
would still need to be passed to provide a more significant bullish technical
signal. Thursday's rebound is consistent w/ the pressure on these key resistance
levels. Initial support is located at 119-16. A move below returns the bond to
range trading w/ a risk towards the 119-020 Aug 1 low.

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