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(U9) 128-00 cracking? *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 128-00 cracking?
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-14 Jul 3 high
*RES 1: 128-01+ Intraday high
*PRICE: 128-00 @ 15:17 BST, Aug 1
*SUP 1: 127-05 50-dma
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-12+ 100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
After a tepid Fed reaction, a disappointing Manufacturing ISM number was all
markets needed to start rushing to price in further Fed action. Treasuries
showed above the 128-00 handle before fading slightly, but bulls should be
satisfied with Thursday's performance. A break and hold above the handle is
what's needed to turn signs to July highs at 128-14 and key Fib resistance
nearer 130-00.

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