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Approaching YTD highs *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Approaching YTD 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/Intraday high
*PRICE: 124-23        @ 09:32 GMT, May 16
*SUP 1: 122-30/22+    May 3 low/100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-31+/04+   200-dma/Dec 12-13 lows
The rally in US Tsy futures remains intact with the 10y approaching resistance
from the Mar 27 ytd high at 124-31. A successful close above would cement the
uptrend with bulls targeting a break of the Oct 13 2017 high & 50% retracement
level of the Jun 2016 high - Oct 2018 low at 125-25+/26+. Above here opens the
Sep 25 2017 high at 126-04+. Bears need to clear Friday's low at 123-26+, while
a break here would suggest a move towards the 50-dma at 123-17, ahead of the May
3 low & 100-dma at 122-30/22+.

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