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Multi-month highs *RES 4:......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Multi-month highs
*RES 4: 127-28+       Sep 8 2017 high
*RES 3: 127-26+       61.8% 134-07+-117-13+
*RES 2: 127-00+       Sep 12 2017 high
*RES 1: 126-10+       Intraday high
*PRICE: 126-09+       @ 09:48 GMT, May 31
*SUP 1: 125-06+       May 30 low
*SUP 2: 124-01/123-31 May 21 low/50-dma
*SUP 3: 123-01/30     100-dma/May 3 low
*SUP 4: 122-29+       38.2% 117-13+-126-10+
Risk-off has been the overriding theme with the 10y surging above 126 to
multi-month highs of 126-10+. The underlying tone holds firm with next
resistance seen from the Sep 12 2017 high at 127-00+, above here would see bulls
focus on the 61.8% retracement level at 127-26+. Initial downside support comes
in today at 125-06+, with a break here needed to stabilise the outlook and bring
the May 21 low & 50-dma back into view at 124-01/123-31.

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