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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: 125-140 - Hourly resistance Sept 29
*PRICE: 125-100 @ 2030GMT
*SUP 1: 125-020 - Low Sept 28
*SUP 2: 124-310 - Bollinger band base
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-140 - Monthly Lows July 6 & 7
*COMMENTARY: The recovery from fresh 3mth lows stalled ahead of the 125-230
resistance Friday with the close leaving the contract looking a little heavy.
Daily momentum divergence, correcting O/S studies and the Bollinger base remain
key concerns for bears who are currently focused on tests of July lows. Layers
of resistance remain 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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