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(U9) Bullish Outlook Intact....>

US 10YR FUTURE TECHS: (U9) Bullish Outlook Intact
*RES 4: 131-00 November 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-13 Upper Bollinger band (2%)
*RES 1: 128-08+ Cycle highs
*PRICE: 127-29+ @ 16:04 BST, Jun 24
*SUP 1: 125-06+/02 May 30 low/50-dma
*SUP 2: 124-04/01 38.2% 117-13+-128-08+/May 21 low
*SUP 3: 123-29+ 100-dma
*SUP 4: 122-30 May 3 low
Despite dipping back under the 128 level, pullbacks have so far remained shallow
and keeps the bullish outlook intact. Momentum indicators remain buoyant with
focus on a return to recent cycle highs. A positive close above 128-08 would
further strengthen the bullish case, opening the 76.4% retracement level at
130-08+. On the downside any break of 127-00 could trigger a short term reversal
toward the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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