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(U18) Bears Need Close Below...>

US 10YR FUTURE TECHS: (U18) Bears Need Close Below 120-03
*RES 4: 120-24  Hourly resistance May 30a
*RES 3: 120-20  High July 6
*RES 2: 120-18+ Bollinger band top
*RES 1: 120-13  Hourly resistance June 12
*PRICE: 120-07 @ 0930GMT
*SUP 1: 120-06+ Low July 6
*SUP 2: 120-03  Low July 5
*SUP 3: 119-30  Low July 3
*SUP 4: 119-26+ Low June 26
*COMMENTARY: Pressure on the 120-16 resistance took its toll with a spike higher
Friday only to have follow through impeded by the Bollinger band top. Modestly
O/B studies looking to correct are an issue. Bears now look for a close below
120-03 to ease bullish pressure and below the 100-DMA (119-22+) to shift initial
focus back to 119-13+/14+ with the 55-DMA at 119-14+. Bulls need a close above
120-13 to gain breathing room.

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