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Bulls Need to Consolidate......>

US 10YR FUTURE TECHS: Bulls Need to Consolidate Above 124
*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: 124-06/13     May 8 high/76.4% retracement
*PRICE: 123-31+       @ 09:27 GMT, May 9
*SUP 1: 122-17        100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-27+/04+   200-dma/Dec 12-13 lows
*SUP 4: 119-22        Dec 4 low
US Tsy futures hit fresh monthly highs of 124-06 yesterday before giving back
gains to return the outlook back to neutral. The 10-Yr briefly traded above the
124-00 level through Europe with topside focus on a break of 124-13 which marks
the 76.4% retracement of 124-31-122-20+. On the downside a break below the
55-dma at 123-06+ and Friday's low at 122-30 is needed to suggest further
weakness towards the April 17 low at 122-20+.

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