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(M18) Rally Approaches 76.4%...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Rally Approaches 76.4% Fibo Retrace Level At 119-190
*RES 4: 119-315 May 4 high
*RES 3: 119-275 50% Fibo of 121-120/118-105
*RES 2: 119-215 May 10 high
*RES 1: 119-190 76.4% Fibo of 119-315/118-105
*PRICE: 119-100 @0935GMT
*SUP 1: 119-035 Hourly support
*SUP 2: 118-290 May 18 high, now support
*SUP 3: 118-210/215 May 20, May 21 lows
*SUP 4: 118-190 May 17 high, now support
*COMMENTARY* Last week's decline saw the equality fall target at 118-150 give
way. A low of 118-105 seen on Thursday, so far keeping us away from a test to
the 6 year median line support at 118-050. In the meantime, some near term
oversold conditions have allowed a bounce, 119-060/119-115 resistance now
overcome. This sees the 76.4% Fibo retrace level at 119-190 as next barrier of
note. Support now showing from between 119-035/118-290.

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