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(M9) Pauses for Breath *RES....>

US 10YR FUTURE TECHS: (M9) Pauses for Breath
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-18 May 13 high
*PRICE: 124-11 @ 16:10 GMT, May 14
*SUP 1: 122-20+ 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
US Tsy futures traded wholly within the Monday range, providing few fresh clues
for the short-term technical picture. Any pullbacks have so far remained shallow
and keeps the over-arching uptrend intact. Above the Monday high at 124-18 would
return the focus to the Mar 27 ytd high at 124-31. Above here sits the 76.4%
retracement of the Sep 2017-Oct 2018 decline at 125-14. On the downside a break
below Friday's low at 123-26+, would suggest a move towards the 55-dma at 123-10
ahead of the May 3 low & 100-dma at 122-30/20+.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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