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(Z17) Flirting With 55-DMA.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Flirting With 55-DMA
*RES 4: 126-170 - 21-DMA 
*RES 3: 126-090 - High Sept 18 
*RES 2: 126-050 - High Sept 20 
*RES 1: 126-040 - High Sept 25, 55-DMA
*PRICE: 126-020 @ 0140GMT
*SUP 1: 125-310 - Hourly resistance Sept 25 now support
*SUP 2: 125-230 - Low Sept 25
*SUP 3: 125-170 - Low Aug 8 & Sept 20
*SUP 4: 125-040 - Low July 26
*COMMENTARY: Consolidation below the 100-DMA (125-280) appears to have ended
with a bounce that sees the contract flirting with the 55-DMA. Bulls continue to
look for a close above 126-090 to hint at a correction back to 126-270. O/S
daily studies correcting add support to the case for a bigger correction. The
125-170/230 support is now key. Bears need a close below 125-230 to ease renewed
bullish pressure and below 125-170 to shift focus lower.

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