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(U18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bulls Need Close Above 119-18+
*RES 4: 120-16  Hourly resistance May 30
*RES 3: 120-00+ High June 7
*RES 2: 119-23  Hourly resistance June 8
*RES 1: 119-18+ High June 14
*PRICE: 119-14 @ 2130GMT
*SUP 1: 119-09  Hourly resistance June 13 now support
*SUP 2: 118-29  Low June 13
*SUP 3: 118-19  High May 22 now support
*SUP 4: 118-09  Low May 21
*COMMENTARY: Bears failed to capitalise on the marginal break of the key 118-30
support with the contract lacking downside follow through. The bounce sees the
contract hesitating around the 55-DMA (119-17+). Bulls look for a close above
119-18+ to gain breathing room and above 120-00+ to confirm traction above the
100-DMA (119-24+) and add support to the case for a move back to 121-03/12+.
Bears now need a close below 118-29+ to shift initial focus back to 2018 lows.

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