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Short-term Correction *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Short-term Correction
*RES 4: 127-28+    Sep 8 2017 high
*RES 3: 127-26+    61.8% 134-07+-117-13+
*RES 2: 125-26+    50% 134-07+-117-13+
*RES 1: 124-31     Mar 27 high
*PRICE: 123-12     @ 09:52 GMT, Apr 12
*SUP 1: 122-25+/02 50-dma/38.2% 117-13+-124-31
*SUP 2: 121-28/02  100-dma/Jan 18 low
*SUP 3: 120-18/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22     Dec 4 low
Wednesday's rally in US tsy futures was given back in full yesterday returning
the focus to the downside. Bears target up trendline support off the Oct lows &
50-dma at 122-30/25+, with a break here needed to extend the retracement towards
the 38.2% fibo at 122-02. Bulls need to recover Wednesday's high at 123-29+ to
reignite upside momentum towards the March 27 high at 124-31.

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