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(U18) Below 118-30 To..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Below 118-30 To Pressure 2018 Lows
*RES 4: 120-24  Hourly resistance May 30a
*RES 3: 120-16  Hourly resistance May 30
*RES 2: 119-30+ Hourly resistance June 1
*RES 1: 119-19  Low June 1 now resistance
*PRICE: 119-16 @ 0320GMT
*SUP 1: 119-11  Low May 28
*SUP 2: 119-05+ 21-DMA
*SUP 3: 118-30  Low May 24
*SUP 4: 118-19  High May 22 now support
*COMMENTARY: The lack of follow through on fresh 3mth highs was less than ideal
last week given O/B daily studies. Bears now look for a close below 118-30 to
confirm a break of the 21-DMA and shift initial focus back to 2018 lows.
Correcting O/B studies are adding weight to the bearish case. Bulls now need a
close above 119-30 to gain breathing room and above 120-16 to shift immediate
focus to 121-03 highs from last week.

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