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(U0) Correction Extends *RES...>

US 10YR FUTURE TECHS: (U0) Correction Extends
*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: 138-08+ 61.8% of the Jun 1 - 5 sell-off
*PRICE: 138-00 @ 11:50 BST, Jun 10
*SUP 1: 137-10+ Low Jun 9
*SUP 2: 136-22 Low Jun 5
*SUP 3: 136-20 Low Mar 25
*SUP 4: 136-10+2.000 projection of Apr 21 - May 6 swing from May 15 high
US 10yr futures continue to recover off recent lows having defined a key S/T
support at 136-22, Jun 5 low. The move higher is likely a correction though with
a bearish theme still dominating the S/T outlook. This follows last week's move
lower and importantly the break of support at 137-30+, May 6 low that confirmed
a range breakout. The focus is on 136-20, Mar 25 low and, further out, the COVID
crisis lows of 133-21. Next resistance is at 138-08+.

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