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(M18) Correcting After.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Correcting After Tuesday's Sharp Rise
*RES 4: 121-030 May 29 high
*RES 3: 120-240/265 Intraday hourly high, hourly base May 29
*RES 2: 120-205 Hourly recovery high May 30
*RES 1: 120-140/145 Hourly resistance
*PRICE: 120-030 @1100GMT
*SUP 1: 119-285/290 38.2% of 117-300/121-030, hourly support
*SUP 2: 119-215/245 May 25 high, May 29 low
*SUP 3: 119-165 50% Fibo of 117-300/121-030
*SUP 4: 119-110 May 28 low
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 yesterday. Has subsequently seen a decent
pullback, as a result of some near term overbought conditions, now nearing a
38.2% Fibo retrace of that 117-300/121-030 rise. In the interim, resistance
comes from 120-140/120-145, above would allow a higher 120-205/120-265 bounce.
Below 119-285 and the correction can continue, 119-245/119-165 then possible.

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