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(U9) 128-00 level proving......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 128-00 level proving hard to overcome
*RES 4: 131-00     Nov 9 2016 High
*RES 3: 130-08+    76.4% 134-07+ - 117-13+
*RES 2: 128-21     Upper Bollinger band (3%)
*RES 1: 128-14     Jul 3 high
*PRICE: 127-15     @ 10:34 BST, Jul 23
*SUP 1: 126-23/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+    May 30 low
*SUP 3: 125-01     100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
Despite rejecting a break of the 128-00 level on Friday, Treasury futures remain
at elevated levels. The hold above former trendline resistance-turned-support
drawn off the May 3 low is an encouraging sign for bulls, returning the focus to
the Jul 3 high & 3% upper Bollinger band at 128-14/21. Any move through here
opens the potential of a return to 131-00. The May 30 low provides interim
support at 125-06+.

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