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(U18) Correction Approaches....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Correction Approaches 119-045 Fibo Support
*RES 4: 120-070/080 Congestion area May 31-Jun 1
*RES 3: 119-295 May 30 low, now resistance
*RES 2: 119-210 Jun 6 high
*RES 1: 119-135 Jun 4 low, now resistance
*PRICE: 119-045 @1027GMT
*SUP 1: 119-045 61.8% Fibo of 117-300/121-030
*SUP 2: 118-300 May 24 low
*SUP 3: 118-215 76.4% Fibo of 117-300/121-030
*SUP 4: 118-170 1% volatility band
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 last week. Has subsequently seen a decent
pullback, as a result of some considerably overbought conditions. Now nearing
119-045, a 61.8% Fibo retrace of those gains, any lower and the May 24 low at
118-300 comes into play next. First resistance of note comes from the Jun 4 low
at 119-135, back above here required before any respite likely.

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