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(M18) Immediate Focus Back.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Immediate Focus Back on 2018 Low
*RES 4: 120-02+ Low Apr 18 now resistance
*RES 3: 119-22+ 21-DMA
*RES 2: 119-19  Hourly support May 8 now resistance
*RES 1: 119-12  Hourly resistance May 9
*PRICE: 119-09+ @ 0430GMT
*SUP 1: 118-31  2018 Low Apr 25
*SUP 2: 118-24  Low Apr 13 2011
*SUP 3: 117-29+ Monthly Low Apr 8 2011
*SUP 4: 117-09+ Weekly Bear channel base
*COMMENTARY: M18 is looking offered with the break of 119-08 easing renewed
bullish pressure and returning initial focus to 2018 lows. Fresh lows are needed
to add weight to the case for a test of the weekly bear channel base. Bulls now
look for a close above Y119-19 to gain breathing room. Above Y120-06+ remains
needed to confirm a break of the 55-DMA (120-05+) and initially target a
correction back to 120-20+/24.

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