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(M9) Bulls Unphased by.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Bulls Unphased by Retreat
*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: 123-29+ Apr 10 high
*PRICE: 123-20+ @ 15:52 GMT, Apr 29
*SUP 1: 122-08+ 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-23/04+ 200-dma/Dec 12-13 lows
Having topped out at 123-24 Friday, pullbacks have so far remained shallow,
which will likely keep bulls unphased by Monday's losses for the time being.
This keeps the recent uptrend intact, with bullish targets holding at the Apr 10
high of 123-29+. A break here opens a run at the Mar 27 high at 124-31. Any
further move higher will help cement any potential bull flag formation. Bears
need a close below the 50-dma & Wednesday's low at 123-01/122-23 to return the
focus to the Mar 12 low & 100-dma at 122-12/08+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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