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Bulls Targeting May Highs......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Bulls Targeting 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: 123-29+       Apr 10 high
*PRICE: 123-26        @ 09:27 GMT, May 7
*SUP 1: 122-14+       100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-26/04+    200-dma/Dec 12-13 lows
*SUP 4: 119-22        Dec 4 low
US tsy futures failed to take out the May 1 high at 124-04 yesterday, despite
the boost provided by the tariff news. Pullbacks have so far remained shallow
and keeps short-term focus on the upside. A topside break of the May 1 high
opens the 76.4% retracement of 124-31-122-20+ & Mar 27 high at 124-12+/31. On
the downside a break below the 55-dma and Friday's low at 122-30 is needed to
suggest further weakness towards the April 17 low & 100-dma at 122-20/14+.

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