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(Z17) Bears Focused On July....>

US 10YR FUTURE TECHS: (Z17) Bears Focused On July Low
*RES 4: 126-090 - High Sept 18 
*RES 3: 126-020 - 55-DMA 
*RES 2: 125-300 - Low Sept 19 now resistance 
*RES 1: 125-270 - 100-DMA
*PRICE: 125-230 @ 2130GMT
*SUP 1: 125-170 - Low Aug 8 & Sept 20
*SUP 2: 125-040 - Low July 26 
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-140 - Monthly Low July 6
*COMMENTARY: The sell-off from 127-280 resulted in closes below the 100-DMA &
55-WMA (125-260) last week with immediate focus on the 125-170 support and
overall focus on 124-140 July lows. O/S daily studies and the Bollinger base
(125-150) remain key concerns for bears. In saying that, layers of resistance
remain with bulls still needing a close above 125-300 to ease bearish pressure
and above 126-090 to hint at a correction to 126-270.

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