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(U9) Channel Base Support......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Channel Base Support
*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: 126-29      @ 10:31 BST, Jul 10
*SUP 1: 126-15+/02  Jun 11 low/50-dma
*SUP 2: 125-06+     May 30 low
*SUP 3: 124-17+/05+ 100-dma/38.2% 117-13+-128-14
*SUP 4: 124-01      May 21 low
10-Yr futures breached channel base support drawn off the May 3 low and look set
to register losses for a third consecutive session. A close below 127.00 is
needed for confirmation, suggesting a resumption of the downtrend toward the
100-dma & 38.2% retracement of the Oct-Jul rally. Bulls need to recover 128-00
to reignite upside momentum and bring the July 3 ytd high back into view at
128-14.

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