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(M18) 119-115 Now The Bar To...>

US 10YR FUTURE TECHS: (M18) 119-115 Now The Bar To Increased Gains
*RES 4: 119-315 May 4 high
*RES 3: 119-215 May 10 high
*RES 2: 119-190 76.4% Fibo of 119-315/118-105
*RES 1: 119-115 Hourly congestion lows May 10-14
*PRICE: 119-090 @1055GMT
*SUP 1: 118-290/305 May 18, May 22 highs, now support
*SUP 2: 118-215/230 May 21, May 22 lows
*SUP 3: 118-105 May 17 low
*SUP 4: 118-050 6 year median line
*COMMENTARY* Last week's decline saw the equality fall target at 118-150 give
way. A low of 118-105 seen on Thursday, so far keeping us away from a test to
the 6 year median line support at 118-050. In the meantime, some near term
oversold conditions have allowed a bounce, 118-305/119-060 resistance now
overcome. This sees the congested 119-115 region next ahead of the 76.4% Fibo
retrace level at 119-190. Support now showing from between 118-305/118-215.

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