(U9) 127-15 Remains the........>

US 10YR FUTURE TECHS: (U9) 127-15 Remains the Ceiling

*RES 3: 127-28+ Sep 8 2017 high

*RES 2: 127-26+ 61.8% 134-07+-117-13+

*RES 1: 127-15 Jun 3 high

*PRICE: 127-04+ @ 15:41 GMT, Jun 6

*SUP 1: 125-06+ May 30 low

*SUP 2: 124-07/01 50-dma/May 21 low

*SUP 3: 123-20 38.2% 117-13+-127-15

10y Treasury futures hold north of the 127 handle for another session, keeping

the near-term onus pointed higher. The uptrend remains in tact as markets hold

above this level, but 127-15 is proving hard to overcome. A topside break here

opens the 61.8% retracement & Sep 8 2017 high back into view at 127-26+/28+

(continuation chart). With technical studies generating heavily overbought

conditions, failure to break could see a short-term reversal, opening a return

to the 50-dma & May 21 low at 124-07/01.