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(U9) Bulls Still Targeting.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Bulls Still Targeting Cycle High
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-24+ Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-12+ @ 16:04 BST, Jul 18
*SUP 1: 126-16/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 124-27+/05+ 100-dma/38.2% 117-13+-128-14
*SUP 4: 124-01 May 21 low
Treasury futures bounced on Wednesday with the recovery extending to 127-18+.
The 10y rests on former trendline resistance-turned-support drawn off the May 3
low and is looking to extend gains into a fourth session out of five. This
brings the Jul 3 ytd high into view, ahead of the upper 3% Bollinger band.
Initial support from the 50-dma & Jun 11 low are at 126-16/15+.

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