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(M9) Pressure Pointing.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Pressure Pointing Higher
*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: 124-13+ 76.4% retracement (124-31 - 122-20+)
*PRICE: 124-05 @ 15:55 GMT, May 9
*SUP 1: 122-17 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-27+/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22 Dec 4 low
US Tsy futures continued to grind higher throughout US hours on Thursday,
bumping through the Wednesday highs to print up at 124-08+. The next target for
bulls becomes the 76.4% Fib retracement for the recent pullback at 124-13+. 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+.
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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