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(M18) Bulls Now Need Close.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bulls Now Need Close Above 119-07
*RES 4: 120-06+ High Apr 19
*RES 3: 119-31+ High Apr 4
*RES 2: 119-30+ 55-DMA
*RES 1: 119-07  High May 15
*PRICE: 118-30+ @ 0430GMT
*SUP 1: 118-19+ High May17 now support
*SUP 2: 118-10+ 2018 Low May 17
*SUP 3: 117-29+ Monthly Low Apr 8 2011
*SUP 4: 117-22+ 2011 Low Feb 9
*COMMENTARY: The bounce to end the week was less than ideal for bulls given
daily studies looking to correct from O/S and increases the risk of a correction
that tests the 21-DMA. Bulls now need a close above 119-07 to confirm an easing
of bearish pressure and to shift initial focus to 119-30+/120-06+ where the
55-DMA is located. While 119-07 caps bears remain focused on the weekly bear
channel base around 116-30+ but need a close below 118-19.

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