(U18) Bears Need Close Below...>

US 10YR FUTURE TECHS: (U18) Bears Need Close Below 55-DMA

*RES 4: 121-12  Monthly High Apr (Cont)

*RES 3: 121-03  High May 30

*RES 2: 120-24  Hourly resistance May 30a

*RES 1: 120-16  Hourly resistance May 30

*PRICE: 120-05+ @ 2130GMT

*SUP 1: 119-29  Hourly support May 29

*SUP 2: 119-21+ 55-DMA

*SUP 3: 119-11  Low May 28

*SUP 4: 119-03+ 21-DMA

*COMMENTARY: The lack of follow through on fresh 3mth highs is less than ideal

for bulls given O/B daily studies. The 55-DMA remains key support with bears

needing to hint at a move back to 2018 lows with below 118-30 to confirm a break

of the 21-DMA and add weight to the case. Bulls now need a close above 121-12 to

shift immediate focus to 122-02 and overall focus to 123-23+/124-05+ where the

55-WMA is noted.