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(U0) Bearish Following Range...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Bearish Following Range Breakout
*RES 4: 139-25 Contract high, Mar 25
*RES 3: 139-13+/16 High May 15 / High Apr 21 and key resistance
*RES 2: 138-12 High Jun 4
*RES 1: 137-30+ Low Jun 6 and former range base
*PRICE: 137-13+ @ 15:56 BST, Jun 08
*SUP 1: 136-22 Low Jun 5
*SUP 2: 136-20 Low Mar 25
*SUP 3: 136-10+2.000 projection of Apr 21 - May 6 swing from May 15 high
*SUP 4: 135-31 2.236 projection of Apr 21 - May 6 swing from May 15 high
US 10yr futures traded to new multi-month lows Friday. The break below support
at 137-30+ confirmed an end to the recent bull trend and also confirmed a range
breakout, raising the risk of a longer-lasting downtrend from recent highs. This
opens 136-20, Mar 25 low and, further out, the COVID crisis lows of 133-21.
Initial resistance is seen at 137-30, a break above this level would see price
move back into the recent range.

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