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(M9) Momentum Fades Further....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Momentum Fades Further
*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: 124-27 May 15-16 highs
*PRICE: 124-03+ @ 15:48 GMT, May 21
*SUP 1: 122-30/25+ May 3 low/100-dma
*SUP 2: 122-02 38.2% 117-13+-124-31
*SUP 3: 121-02 Jan 18 low/200-dma
*SUP 4: 120-04+ Dec 12-13 lows
US Tsy futures retreated further Tuesday, denting the recent rally and allowing
bears to target a break of 124-00 and the May 10 low at 123-26+. Below here
opens the 55-dma at 123-15+, ahead of the May 3 low & 100-dma at 122-30/25+.
Bulls need a break above Friday's high at 124-25 as well as the May 15/16 highs
at 124-27 to reignite upside momentum towards the March 27 high at 124-31.
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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