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(M18) 119-295/119-300 The......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 119-295/119-300 The Next Potential Upside Barrier
*RES 4: 120-115 1.618 projection target from 119-080
*RES 3: 120-070 Apr 16 low, now resistance
*RES 2: 119-295/300 Apr 20 high
*RES 1: 119-265 May 3 high
*PRICE: 119-245 @1005GMT
*SUP 1: 119-080/115 May 2 low, hourly support
*SUP 2: 118-310 Apr 25 low
*SUP 3: 118-150 Equality fall from 121-120 to 122-190/120-030
*SUP 4: 118-115 6 year median line
*COMMENTARY* Last week saw a break below congested 119-265/119-215 support. A
low of 118-310, as we so far head off a test towards the equality fall target at
118-150. Any lower and the 6 year median line at 118-115 becomes the next level
to watch. As a consequence, oversold in near term, above 119-155 assisted but
any real recovery is beholden to a sustained 119-215/119-230 break. Above and
119-300/120-070 becomes the next target area. Support 119-115/119-080.

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