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(U0) Takes Out April Lows......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Takes Out April Lows
*RES 4: 140-27 0.618 projection of Feb 6 - Mar 9 rally from Mar 18 low
*RES 3: 140-00 Round number resistance
*RES 2: 139-25 Contract high, Mar 25
*RES 1: 139-13+/16 High May 15 / High Apr 21 and key resistance
*PRICE: 137-16+ @ 11:39 BST, Jun 05
*SUP 1: 137-16 Low Jun 5
*SUP 2: 137-06+ 50% March Sell-Off
*SUP 3: 136-20 Low Mar 25
*SUP 4: 135-30+ 100-dma
10yr futures made new monthly lows early Friday and now sit comfortably below
the base of the recent risk range at 137-30+. This pressures the medium-term
outlook, betraying the until-now bullish outlook. This exposes the 50% Fib below
at 137-06+. To repair the upside argument, bulls need to take out 139-16, Apr 21
high to confirm a resumption of the uptrend to target 139-25, Mar 25 contract
high and the 140-00 handle.

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