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Short-term Downtrend *RES 4:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: Short-term Downtrend
*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: 123-03     @ 09:34 GMT, Apr 16
*SUP 1: 122-27/02  50-dma/38.2% 117-13+-124-31
*SUP 2: 121-30+/02 100-dma/Jan 18 low
*SUP 3: 120-19/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22     Dec 4 low
US tsy futures extended the corrective pullback yesterday, before finding
support ahead of the 50-dma at 122-27. Despite this, the recovery lacks momentum
suggesting a resumption of the short-term reversal. This brings the March 20 low
into view at 122-23, ahead of the 38.2% retracement level at 122-02. On the
topside bulls need to recover Wednesday's high at 123-29+, before challenging
the March 27 high at 124-31.

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