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Off Contract Highs *RES 4:.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Off Contract Highs
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+     50% 134-07+-117-13+
*RES 2: 125-25+     Oct 13 2017 high
*RES 1: 125-07      May 23 High
*PRICE: 124-29      @ 09:33 GMT, May 24
*SUP 1: 122-30/28+  May 3 low/100-dma
*SUP 2: 122-07+     38.2% 117-13+-125-07
*SUP 3: 121-04+/02  200-dma/Jan 18 low
*SUP 4: 120-04+     Dec 12-13 lows
US Tsy futures posted new contract highs yesterday as equity weakness provided
support. Prices have eased off yesterday's highs but the bullish picture remains
firmly intact with the focus on the 125-07 level. Above here would bring the Oct
13 2017 high & 50% retracement level into view at 125-25+/26+. Bears need to
clear yesterday's low at 124-15 to stabilise the outlook, before challenging the
50-dma at 123-24.

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