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(U9) Bump in the road *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Bump in the road
*RES 3: 154.16 - Broken Trendline Resistance
*RES 2: 154.13 - Cycle High
*RES 1: 154.06 - 3.0% Upper Bollinger Band
*PRICE: 153.70 @ 15:02 GMT, Aug 1
*SUP 1: 153.55 - 50-dma
*SUP 2: 153.17 - 100-dma
*SUP 3: 153.15 - 61.8% 152.54 - 154.13
Whether the slip below the 50-dma Thursday will prove pivotal remains to be
seen, but it could be the latest signal that lagging JGBs are overdue a downside
correction. A break and close below the 50-dma at 153.55 would work in favour of
bears, who then set sights on 153.17 and the mid-May lows of 152.54. To the
upside, near-term resistance is seen ahead of the cycle highs at 154.13 with
today's 3.0% upper bollinger band.

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