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(U18) 120-16 Resistance........>

US 10YR FUTURE TECHS: (U18) 120-16 Resistance Remains Key
*RES 4: 121-03  High May 30
*RES 3: 120-24  Hourly resistance May 30a
*RES 2: 120-16  Hourly resistance May 30
*RES 1: 120-11+ Falling Tl Off May high
*PRICE: 120-09+ @ 0430GMT
*SUP 1: 120-07  Hourly support July 5
*SUP 2: 120-03  Low July 5
*SUP 3: 119-30  Low July 3
*SUP 4: 119-26+ Low June 26
*COMMENTARY: The 120-16 resistance remains key this week with bulls needing a
close above to confirm focus on 121-03/12. The Bollinger top (120-17+) and
modestly O/B studies remain key concerns for bulls and limit follow through.
Bears now look for a close below 120-03 now to ease pressure on resistance
layers and below 119-26+ to shift initial focus back to 119-13+ where the 55-DMA
is located.

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