US 10-Year Positive Bias To Aim Up Through 125-165
Steve Miley | Jul 23, 2014 03:17AM ET
U.S. 10-Year future upside risk to 125-235 and then 126-00 for latter July
Erratic activity Tuesday, but the dip and bounce held above initial support at 125-01 to maintain upside pressures.
The previous break higher through the 125-17/175 chart/ retrace resistance area leaves bullish risks into this week.
Whilst above key 124-24 support we still aim back through the recent 125-235 high to the 126-00 cycle peak and retrace barrier.
Bigger picture overshoot threat is now to 126-195/245 chart targets.
WHAT CHANGES THIS?
Below 125-01 eases bull risks; through 124-24 signals a neutral tone, only shifting negative below 124-135.
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