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(U9) Bulls Targeting 128-00....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Bulls Targeting 128-00
*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: 127-22 @ 10:28 BST, Jul 25
*SUP 1: 126-27+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+/04+ May 30 low/100-dma
*SUP 3: 124-05+/01 May 21 low/38.2% 117-13+-128-14
Bullish exhaustion ahead of 128-00 persists as markets sit on the sidelines
ahead of next week's FOMC meeting. The continued hold above former trendline
resistance-turned-support drawn off the May 3 low is an encouraging sign for
bulls. A clean break of 128-00 would reignite upside momentum, 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+.

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