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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Bears Focused On July Low
*RES 4: 126-050 - High Sept 20 
*RES 3: 126-040 - High Sept 25, 55-DMA 
*RES 2: 125-230 - Low Sept 25 now resistance 
*RES 1: 125-180 - Hourly resistance Sept 27
*PRICE: 125-070 @ 0430GMT
*SUP 1: 125-040 - Low July 26
*SUP 2: 125-020 - Bollinger band base
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-200 - Daily Bear channel base
*COMMENTARY: This week's topside failures around the 55-DMA have taken their
toll with fresh 2mth lows and confirmation of focus on the 124-140 July low.
Bears need a close below 125-040 to add weight to their case. O/S daily studies
and the Bollinger base remain key concerns for bears. Layers of resistance are
building with bulls needing a close above 125-230 to gain breathing room and a
close above 126-090 to hint at a correction back to 126-270.

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