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(M18) 21-DMA Resistance........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 21-DMA Resistance Remains Key
*RES 4: 119-10+ 21-DMA
*RES 3: 119-07  High May 15
*RES 2: 118-31  Low Apr 25 now resistance
*RES 1: 118-25+ High May 16
*PRICE: 118-16 @ 0430GMT
*SUP 1: 118-14  2018 Low May 16
*SUP 2: 117-29+ Monthly Low Apr 8 2011
*SUP 3: 117-22+ 2011 Low Feb 9
*SUP 4: 117-07+ Weekly Bear channel base
*COMMENTARY: Recent topside hesitation around the 21-DMA provided the impetus
for fresh 2018 & 7yr lows. Bears focus attention on the weekly bear channel base
coming in around 117-07+. Daily studies now approaching O/S is less than ideal
but layers of resistance are accumulating and weighing. Bulls now need a close
above 118-31 to ease bearish pressure and above the 21-DMA to pressure
119-31/120-06+.

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