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Bulls Nearing ytd Highs *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Bulls Nearing 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: 124-20+     @ 09:25 GMT, May 17
*SUP 1: 122-30/23+  May 3 low/100-dma
*SUP 2: 122-02      38.2% 117-13+-124-31
*SUP 3: 12-02/00+   Jan 18 low/200-dma
The rally in US Tsy futures stalled ahead of the March 26 high yesterday, with
the reversal extending to 124-10. Dip buying re-emerged with bulls now looking
for a break above the March ytd highs at 124-31 to extend the uptrend. Above
here would open the 76.4% retracement of the Sep 2017-Oct 2018 decline at
125-14. On the downside bears look for a break of yesterday's low at 124-10 to
allow a run at the May 10 low at 123-26+, below which would suggest a downside
reversal

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