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(M9) May 1 High Remains The....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) May 1 High Remains The Target 
*RES 4: 125-23 Channel top resistance 
*RES 3: 124-31 High Mar 26 
*RES 2: 124-13 76.4% retracement of 124-31-122-22+ 
*RES 1: 124-04 High May 1 
*PRICE: 123-29+ @ 06:19 GMT, May 8 
*SUP 1: 123-06 55-dma 
*SUP 2: 122-30 Low May 3 
*SUP 3: 122-20 Low Apr 17 
*SUP 4: 122-12 Low Mar 12 
Despite closing above the 124 level yesterday bulls continue to fail in their
attempts to take out the May 1 high at 124-04. The focus remains on this level
given the lack of downside momentum, with a break opening 124-13 marking the
76.4% retracement of 124-31-122-22+. On the downside a break below the 55-dma at
123-06 and Friday's low at 122-30 is needed to suggest further weakness towards
the April 17 low at 122-20.

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