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(M9) On The Front Foot *RES....>

US 10YR FUTURE TECHS: (M9) On The Front Foot
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-27 Intraday high
*PRICE: 124-19 @ 15:56 GMT, May 15
*SUP 1: 122-30/21+ May 3 low/100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-30+/04+ 200-dma/Dec 12-13 lows
The uptrend in US Tsy futures extended further Wednesday, with prices topping
out at 124-27 so far. The Mar27 high remains the first target for bulls and a
break above here opens the best levels of the year. A close above these levels
would see targets shift higher to the 76.4% retracement of the Sep 2017-Oct 2018
decline at 125-14. Bears need to clear Friday's low at 123-26+, while a break
would suggest a move towards the 55-dma at 123-11 ahead of the May 3 low &
100-dma at 122-30/21+.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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