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(U18) Wednesday's 119-305......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Wednesday's 119-305 High Now The Bar To Recovery
*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: 120-060/085 Jun 19 high, 61.8% Fibo of 121-030/118-295
*RES 1: 119-305 Jun 20 high
*PRICE: 119-235 @1022GMT
*SUP 1: 119-150/160 Hourly support
*SUP 2: 119-125/135 Congestion area Jun 11-Jun 14
*SUP 3: 119-050 Hourly base Jun 13
*SUP 4: 118-295 Jun 13 low
*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,
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, with 119-275 now lost, support comes from the lower 119-160/119-125
area, which currently provides the stronger downside protection.

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