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(M9) Prices Surge to Best......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Prices Surge to Best Level in 18 Months
*RES 4: 127-25+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 125-07 Nov 28 2017 Highs
*RES 1: 125-00+ 2019 High
*PRICE: 124-22 @ 15:59 BST, May 23
*SUP 1: 122-30/27+ May 3 low/100-dma
*SUP 2: 122-02 38.2% 117-13+-124-31
*SUP 3: 121-03+/02 200-dma/Jan 18 low
*SUP 4: 120-04+ Dec 12-13 lows
Souring trade relations and a sharp drop in global equity markets fuelled upside
in US Tsy futures Thursday, which topped out at the best levels since 2017 at
125-00+. This shifts bullish targets higher to the 76.4% retracement of the Sep
2017-Oct 2018 decline at 125-31. Bears continue to target the Tuesday low at
124-01 and the 21-dma just below at 123-31, with a downside break opening the
May 10 low at 123-26+.

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