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(M18) Recovery Falters At......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M18) Recovery Falters At 142-22/142-26 Fibo Resistance
*RES 4: 143-20/21 50% of 147-03/140-05, May 11 high
*RES 3: 143-10 Congestion area May 4-11, 76.4% Fibo 
*RES 2: 142-26 38.2% Fibo of 147-03/140-05
*RES 1: 142-22 61.8% Fibo of 144-08/140-05
*PRICE: 142-05 @0943GMT
*SUP 1: 141-18/19 May 16, May 21 highs, now support
*SUP 2: 141-01 May 22 low
*SUP 3: 140-21 Initial recovery high May 18, now support
*SUP 4: 140-05 May 17 low
*COMMENTARY* The fall continued last week, reaching a low of 140-05 on Thursday,
before seeing a bounce aided by some near term oversold conditions. In this
respect, the 141-18/141-19 resistance area has now been overcome, the dual Fibo
retrace levels between 142-22/142-26 now of more consequence higher. Initial
support now from that 141-19/141-18 region and then Tuesday's 141-01 low
protects the downside from another assault, 140-21 then ahead of 140-05 again.

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