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(M9) Test on YTD Highs.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Test on YTD Highs Falters
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-27 May 15/Intraday high
*PRICE: 124-13+ @ 15:54 GMT, May 16
*SUP 1: 122-30/22+ May 3 low/100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-31+/04+ 200-dma/Dec 12-13 lows
Having topped out at 124-27 in early European trading hours, Treasury futures
faltered, pulling back to the lower end of the week's range. Any fall through
the 124-00 mark will call into question the near-term uptrend, but bulls can
still regain the upper hand by holding north of here. A successful close above
124-27 would target a break of the Oct 13 2017 high & 50% retracement level of
the Jun 2016 high - Oct 2018 low at 125-25+/26+. Above here opens the Sep 25
2017 high at 126-04+. Bears need to clear Friday's low at 123-26+, while a break
here would suggest a move towards the 50-dma at 123-17.

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