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(M9) Edging Back From..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Edging Back From Contract Highs
*RES 4: 126-06 Channel top resistance 
*RES 3: 125-25+ High Oct 13, 2017
*RES 2: 125-14 76.4% Retracement of Sep 2017-Oct 2018 decline 
*RES 1: 125-07 High May 23 
*PRICE: 124-29+ @ 04:52 GMT, May 24 
*SUP 1: 124-15 Low May 23 
*SUP 2: 124-01/124-02+ Low May 21/21-dma 
*SUP 3: 123-26+ Low May 10 
*SUP 4: 123-21 55-dma 
US Tsy futures posted new contract highs yesterday as equity weakness provided
support. Prices have edged back from yesterday's highs but the bullish picture
remains firmly intact with the focus on the 125-07 level. Above here would bring
the 76.4% Retracement of the Sep 2017-Oct 2018 decline into play at 125-31.
Bears need to break below yesterday's low at 124-15 to stabilise the outlook and
open the 21-dma and Tuesday's low at 124-01.

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