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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: 126-040 - High Sept 25, 55-DMA 
*RES 3: 125-230 - Low Sept 25 now resistance 
*RES 2: 125-140 - Hourly resistance Sept 29 
*RES 1: 125-100 - Hourly resistance Sept 29
*PRICE: 125-010 @ 0330GMT
*SUP 1: 124-280 - Low July 12
*SUP 2: 124-260 - Bollinger band base
*SUP 3: 124-140 - Monthly Lows July 6 & 7
*SUP 4: 124-100 - Daily Bear channel base
*COMMENTARY: The recovery from fresh 3mth lows last week 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 focused on July lows. Layers of resistance
remain with bulls needing a close above 125-140 to gain breathing room and a
close above 125-230 to hint at a correction back to 126-040/090.

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