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(U9) Consolidating Trend.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Consolidating Trend
*RES 4: 131-00      November 9 2016 High
*RES 3: 130-08+     76.4% 134-07+ - 117-13+
*RES 2: 129-00+     Upper Bollinger band (3%)
*RES 1: 128-14      Jul 3 high
*PRICE: 128-09+     @ 10:35 BST, Jul 4
*SUP 1: 126-15+     Jun 11 low
*SUP 2: 125-27+/06+ 50-dma/May 30 low
*SUP 3: 124-12+/05+ 100-dma/38.2% 117-13+-128-14+
*SUP 4: 124-01      May 21 low
Wednesday's close above 128-00 was pivotal for bulls with the 10-Yr rallying to
fresh cycle highs of 128-14. Consolidation has largely remained the theme with
the outright bullish trend firmly intact. Bulls need to clear the upper 3%
Bollinger band for a resumption of the uptrend towards the psychological 130-00
level & 76.4% retracement at 130-08+. Any follow through could see technical
indicators stretched, triggering a short-term reversal.

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