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(M9) Upside Break Fails to.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Upside Break Fails to Hold
*RES 4: 125-23 Channel top resistance 
*RES 3: 124-31 High Mar 26 
*RES 2: 124-13 76.4% retracement of 124-31-122-22+ 
*RES 1: 124-06 High May 8 
*PRICE: 123-27+ @ 02:52 GMT, May 9 
*SUP 1: 123-06+ 55-dma 
*SUP 2: 122-30 Low May 3 
*SUP 3: 122-20 Low Apr 17 
*SUP 4: 122-12 Low Mar 12 
US Tsy futures hit fresh monthly highs yesterday before giving back gains to
return the outlook back to neutral. The upside target is yesterday's high at
124-06 with a break needed to open 124-13 marking the 76.4% retracement of
124-31-122-22+. 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.

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