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(U18) Correction Approaches....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Correction Approaches 119-110/119-045 Support
*RES 4: 120-150/160 May 31 high, hourly recovery high May 30
*RES 3: 120-070/080 Congestion area May 31-Jun 1
*RES 2: 119-305 Hourly high Jun 1
*RES 1: 119-240/265 Hourly resistance
*PRICE: 119-140 @1046GMT
*SUP 1: 119-135 Jun 4 low
*SUP 2: 119-110 May 28 low
*SUP 3: 119-045 61.8% Fibo of 117-300/121-030
*SUP 4: 118-300 May 24 low
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 last Tuesday. Has subsequently seen a decent
pullback, as a result of some near term overbought conditions, just below the
50% Fibo retrace of that 117-300/121-030 rise, a low of 119-135 posted on
Monday. Resistance comes from 119-240/119-305, above would allow a higher
120-070/120-160 bounce. Below 119-135 and next support between 119-110/119-045.

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