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Approaching May Highs *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Approaching May Highs
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+     50% 134-07+-117-13+
*RES 2: 124-31      Mar 27 high
*RES 1: 124-27      May 15-16 highs
*PRICE: 124-22      @ 09:37 GMT, May 23
*SUP 1: 122-30/27+  May 3 low/100-dma
*SUP 2: 122-02      38.2% 117-13+-124-31
*SUP 3: 121-03+/02  200-dma/Jan 18 low
*SUP 4: 120-04+     Dec 12-13 lows
US Tsy futures are back on the front foot as bulls look to recover the May 15-16
highs at 124-27 to reignite the uptrend. Above here opens a run at the ytd Mar
27 high at 124-31, ahead of the 76.4% Retracement of the Sep 2017-Oct 2018
decline at 125-31. Bears continue to target Tuesday's low at 124-01 and the
21-dma just below at 123-31, with a downside break opening the May 10 low at
123-26+.

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