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(U9) Clinging on to 127-00.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Clinging on to 127-00
*RES 4: 130-08+   76.4% 134-07+-117-13+
*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: 127-01    @ 09:20 GMT, Jun 7
*SUP 1: 125-06+   May 30 low
*SUP 2: 124-08+01 50-dma/May 21 low
*SUP 3: 123-20    38.2% 117-13+-127-15
*SUP 4: 123-09/30 100-dma/May 3 low
10-Yr US futures cling on to the 127-00 level with suggestions of bullish
exhaustion starting to emerge. Momentum indicators continue to generate
overbought conditions with immediate downside focus on the May 30 low. A break
here could extend the short-term reversal to the 50-dma & May 21 low at
124-08/01. On the topside, bulls need to recover recent cycle highs at 127-15 to
reignite upside momentum.

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