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(U18) 119-26+/120-02 Support...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) 119-26+/120-02 Support Key Today
*RES 4: 121-12  Monthly High June
*RES 3: 121-03  High May 30
*RES 2: 120-24  Hourly resistance May 30a
*RES 1: 120-16  Hourly resistance May 30
*PRICE: 120-04 @ 0320GMT
*SUP 1: 120-02  Hourly support June 27, Low June 29
*SUP 2: 119-26+ Low June 26
*SUP 3: 119-20+ Low June 22
*SUP 4: 119-13+ Low June 21, 55-DMA
*COMMENTARY: The rally from 119-13+ continued last week only to fail at the
120-16 resistance. Bulls currently focus on 121-03/12 where May highs are
located but now need a close above 120-16 to add support to their case. Daily
studies looking to correct from modestly O/B is a concern for bulls. Bears
continue to look for a close below 120-02 to ease bullish pressure and below
119-26+ to shift initial focus back to 119-13+.

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