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(U9) Breaks 130-00 *RES 4:.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Breaks 130-00
*RES 4: 134-07+ Jul 6 2016 high
*RES 3: 131-23+ Sep 30 2016 high
*RES 2: 131-00 Nov 9 2016 High
*RES 1: 130-10+ Intraday high
*PRICE: 129-21 @ 11:16 BST, Aug 6
*SUP 1: 127-14/00+ 50-dma/Jul 31 low
*SUP 2: 125-19 100-dma
*SUP 3: 125-12+ 38.2% 117-13+130-10+
*SUP 4: 125-06+ May 30 low
China 'manipulation' remarks underpinned treasuries with the 10-Yr breaching
130-00 to multi year highs of 130-10+. The close above the channel top drawn off
the Mar 27 high further cements the bullish trend, opening a run at the Nov 9
2016 high at 131-00. Any move through here would see technical indicators
stretched, suggesting the potential of a sharp reversal. Bears need to clear the
50-dma & Jul 31 lo, before returning the focus to the 100-dma.

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