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(M18) Flirting With 55-DMA.....>

US 10YR FUTURE TECHS: (M18) Flirting With 55-DMA
*RES 4: 120-21+ Daily Bear channel top off Feb high
*RES 3: 120-13+ 100-DMA
*RES 2: 120-06+ High Apr 19
*RES 1: 120-00+ High May 25, Bollinger band top
*PRICE: 119-25+ @ 0320GMT
*SUP 1: 119-22+ High May 24 now support
*SUP 2: 119-09+ 21-DMA
*SUP 3: 118-31  Alternating daily support/resistance
*SUP 4: 118-19+ High May17 now support
*COMMENTARY: Gains defined last week with a pop above the 55-DMA (119-30+)
Friday. Daily studies remain well placed before O/B is an issue. The 120-06+
resistance is key this week. Bulls need a close above to confirm a break of the
55-DMA and initially pressure 120-13+/21+ where the bear channel top and 100-DMA
are found. The 21-DMA is key support this week. Bears need a close below to ease
bullish pressure and below 118-31 to shift focus back to 2018 lows.

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