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(U9) Bulls hold court *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Bulls hold court
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-23 Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-21 @ 16:44 BST, Jul 22
*SUP 1: 126-21/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 124-31 100-dma
10-Yr futures rejected a break of the 128-00 level on Friday before giving it
another go in the Monday session. Volumes were light, but 128-00 is clearly the
real test for bulls at this point. The hold above former trendline
resistance-turned-support drawn off the May 3 low is an encouraging sign for
bulls. Upside focus remains on a break of the Jul 3 high & 3% upper Bollinger
band at 128-14/22+. Any move through here opens the potential of a return to
131-00. The May 30 low provides 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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