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(M9) Stair Stepping Lower......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Stair Stepping Lower
*RES 4: 125-23 Channel top resistance 
*RES 3: 125-14 76.4% Retracement of Sep 2017-Oct 2018 decline 
*RES 2: 124-31 High Mar 26 
*RES 1: 124-25/27 High May 17/ High May 15,16 
*PRICE: 124-05+ @ 02:22 GMT, May 22 
*SUP 1: 124-01/123-29 Low May 21/21-dma
*SUP 2: 123-26+ Low May 10 
*SUP 3: 123-18 55-dma 
*SUP 4: 122-30 Low May 3 
US Tsy futures remain under pressure as the pullback from the mid month highs
extends in a stair stepping fashion. Bears now target yesterday's low at 124-01
and the 21-dma just below at 123-29 with a downside break opening the May 10 low
at 123-26+. 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 26 high at
124-31.

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