(U0) Key Supports Remain.......>

AUSSIE 10-YEAR TECHS: (U0) Key Supports Remain Intact

*RES 3: 99.4850 - High Mar 10 and bull trigger

*RES 2: 99.3600 - High Apr 01

*RES 1: 99.2250 - High Apr 17

*PRICE: 99.0650 @ 16:22 BST, Jun 01

*SUP 1: 99.0200 - Low Apr 9

*SUP 2: 98.7800 - Low Mar 23

*SUP 3: 98.5700 - Low Mar 20

The roll resulted in lower prices early Monday. Key support remains at 99.0200,

Apr 9 low where a break is still required to confirm a near-term bearish

outlook. The lower peaks since Apr 2 suggest futures are likely to break the

support eventually. This would open 98.7800 initially, Mar 23 low. On the

upside, key resistance is located at 99.2250, the Apr 17 high. Clearance of this

level would instead be bullish.