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(M18) 119-110/119-145 The......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 119-110/119-145 The Initial Barrier To A Recovery
*RES 4: 120-070 Apr 16 low, now resistance
*RES 3: 119-295 Apr 20 high
*RES 2: 119-215/230 Feb 27, 28, Apr 19 lows, now resistance
*RES 1: 119-110/145 Hourly resistance, Apr 24 high
*PRICE: 119-075 @0949GMT
*SUP 1: 118-310 Apr 25 low
*SUP 2: 118-185 1% volatility band
*SUP 3: 118-150 Equality fall from 121-120 to 122-190/120-030
*SUP 4: 118-130 6 year median line
*COMMENTARY* Has this week broken below congested 119-265/119-215 support. A low
of 118-310 so far, as we head towards the lower 1% volatility band, at 118-220
by time today. Any lower and the equality fall target at 118-150 becomes the
next level to watch, just above the 6 year median line support from 118-130. As
a consequence, resistance falls to 119-110/119-145 initially, above would assist
but any real recovery is beholden to a higher 119-215/119-230 break.

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