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(U9) Deflated by ECB *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Deflated by ECB
*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: 127-09+ @ 16:06 BST, Jul 25
*SUP 1: 126-27/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-04+ 100-dma
For another session, bullish exhaustion ahead of 128-00 persists, with markets
failing as the ECB meeting proved less dovish than expected. 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+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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