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(U9) Inches lower *RES 3:......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Inches lower
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-22+ Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-16+ @ 15:49 BST, Jul 19
*SUP 1: 126-18+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 124-29 100-dma
Following the Williams-induced volatility late Thursday, 10yr treasury futures
held within a tight range Friday, leaving the technical outlook relatively
unchanged. Former trendline resistance-turned-support drawn off the May 3 low
crosses at 127-05 which should provide some support. A weekly close above
returns the focus to the Jul 3 ytd high at 128-14. Any move through here opens
the potential of a run at multi-year highs of 131-00. The May 30 low provides
support at 125-06+.

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