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(U9) Meets the cycle high......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Meets the cycle high
*RES 4: 131-00 November 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-15 Upper Bollinger band (2%)
*RES 1: 128-08+ Cycle highs
*PRICE: 128-06 @ 16:28 BST, Jun 25
*SUP 1: 125-06+/05+ May 30 low/50-dma
*SUP 2: 124-04/01 38.2% 117-13+-128-08+/May 21 low
*SUP 3: 123-31+ 100-dma
*SUP 4: 122-30 May 3 low
10-Yr futures trade either side of 128-00, maintaining the bullish outlook, with
a close above the mark putting more pressure on cycle highs at 128-08+. Momentum
indicators remain buoyant with focus on a return north of 128-08+. This opens
the 76.4% retracement level at 130-08+. On the downside any break of 127-00
could trigger a short term reversal back toward the May 30 low & 50-dma.
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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