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(U18) Rally Heads Toward The...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Rally Heads Toward The 61.8% Fibo Retrace At 120-085
*RES 4: 120-185 76.4% Fibo of 121-030/118-295
*RES 3: 120-150/160 May 31 high, hourly high May 30
*RES 2: 120-085 61.8% Fibo of 121-030/118-295
*RES 1: 120-060 Hourly resistance
*PRICE: 119-315 @1108GMT
*SUP 1: 119-275 Jun 15 high, now support
*SUP 2: 119-220 Hourly congestion Jun 15-18
*SUP 3: 119-175 Jun 18 low
*SUP 4: 119-125 Congestion area Jun 11-Jun 14
*COMMENTARY* Last Wednesday saw a sharp dip to 118-295, just below support from
the May 24 low at 118-300. The subsequent recovery has been almost as swift, now
rising through Friday's  119-275 high and heading towards the next Fibo retrace
of note, the 61.8% retrace at 120-085. Meanwhile, has become overbought in the
near term, 119-275 reverts to support but the lower 119-220/119-175 area
currently provides the stronger downside protection.

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