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(M9) Last Week's High Yet to...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Last Week's High Yet to Crack
*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: 124-04 May 1 high
*PRICE: 123-29 @ 15:37 BST, May 7
*SUP 1: 122-14+ 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-26/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22 Dec 4 low
Treasury futures got a decent boost from lower global equity markets Tuesday,
keeping last week's high printed on May 1 at 124-04 in view. A recovery above
here opens the Mar27 high at 124-31. To the downside, bears look to extend the
downtrend towards the 123-00 level with the next support area at 122-20/25 which
has registered a series of previous lows. Below here opens the 100-dma & 38.2%
retracement level at 122-14+/02.

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