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(M18) Bears Focused On.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bears Focused On Weekly Bear Channel Base
*RES 4: 119-31+ High Apr 4
*RES 3: 119-13+ 21-DMA
*RES 2: 119-07  High May 15
*RES 1: 118-31  Low Apr 25 now resistance
*PRICE: 118-24 @ 0930GMT
*SUP 1: 118-16+ 2018 Low May 15
*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 a fresh leg lower and 2018 & 7yr lows. Bears focus attention on the weekly
bear channel base coming in around 117-07+. Daily studies have room to move
before O/S is an issue. Layers of resistance are accumulating and weighing.
Bulls now need a close above 119-07+ to ease bearish pressure and above the
21-DMA to pressure 119-31/120-06+.

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