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(M18) Spikes Capped Around......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Spikes Capped Around 21-DMA
*RES 4: 113-22+ Daily Bear channel top off Apr high
*RES 3: 113-17+ High May 7
*RES 2: 113-14+ 21-DMA
*RES 1: 113-11+ Alternating hourly support/resistance
*PRICE: 113-08+ @ 0930GMT
*SUP 1: 113-07+ Low May 4
*SUP 2: 113-06+ 2018 Low Apr 25
*SUP 3: 113-01+ Monthly Low Nov 2008
*SUP 4: 112-24+ Daily Bear channel base
*COMMENTARY: Bears take comfort as pressure remains on 2018 lows. Bears look for
a close below 113-06+ to initially pressure 112-25+/113-01+ where Nov 2008
monthly lows and the bear channel base are noted. Follow through on pops above
the 21-DMA remains lacking. Bulls now need a close above 113-17+ to ease bearish
pressure although layers of resistance 113-22+/114-04 remain an issue.

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