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(M9) Bulls Set Sights on.......>

US 10YR FUTURE TECHS: (M9) Bulls Set Sights on 124-31
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-16 Intraday high
*PRICE: 124-13+ @ 15:49 GMT, May 13
*SUP 1: 122-19 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-29/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22 Dec 4 low
Treasury prices were supported from the off Monday, with US-China trade tensions
providing a boost to global prices. Pullbacks have so far remained shallow and
keeps the uptrend intact with near-term focus on the Mar 27 high at 124-31.
Above here opens a run at the 50% fibo level at 125-26+. Bears need to clear the
50-dma at 123-12 to change the outlook, opening the May 3 low & Apr 17 low at
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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