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(U9) Looking to Form a Base....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Looking to Form a Base
*RES 4: 131-00      Nov 9 2016 High
*RES 3: 130-08+     76.4% 134-07+ - 117-13+
*RES 2: 128-19+     Upper Bollinger band (3%)
*RES 1: 128-14      Jul 3 high
*PRICE: 126-31      @ 10:21 BST, Jul 15
*SUP 1: 126-15+/09  Jun 11 low/50-dma
*SUP 2: 125-06+     May 30 low
*SUP 3: 124-22+/05+ 100-dma/38.2% 117-13+-128-14
*SUP 4: 124-01      May 21 low
Treasuries are looking to form a base with the 10-Yr trading either side of
127-00. Despite this recovery efforts have so far remained shallow, returning
short-term focus to the 50-dma at 126-09, below here opens the 100-dma & May 23
low at 124-22+/15. Bulls need to recover 128-00 to reignite upside momentum and
challenge the ytd high.

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