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(U18) Recovering After Test....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Recovering After Test To 119-045 Fibo Support
*RES 4: 120-150/160 May 31 high, hourly high May 30
*RES 3: 120-050 Hourly high Jun 1
*RES 2: 119-305/005 Jun 8 high
*RES 1: 119-230 Hourly resistance
*PRICE: 119-130 @1009GMT
*SUP 1: 119-110 Initial rally high Jun 7, now support
*SUP 2: 119-040/045 Jun 7 low, 61.8% Fibo of 117-300/121-030
*SUP 3: 118-300 May 24 low
*SUP 4: 118-217 76.4% Fibo of 117-300/121-030
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 late last month. Has subsequently seen a decent
pullback, as a result of some considerably overbought conditions but has found
support from around 119-045, a 61.8% Fibo retrace of those gains. The subsequent
recovery looks to correct some of that fall, 120-005/120-050 now the bar to a
further rise. Support from 119-110 now protects the downside.

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