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(U9) 128-00 looks out of.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 128-00 looks out of reach pre-Fed
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-18 Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-17+ @ 16:35 BST, Jul 24
*SUP 1: 126-25/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-02+ 100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
Treasuries respected the recent range Wednesday, with prices remaining somewhat
capped ahead of the Fed decision next week. 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
128-14/18. Any move through here opens the potential of a return to 131-00. The
May 30 low provides interim support at 125-06+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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