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(U9) Draghi underpins *RES.....>

US 10YR FUTURE TECHS: (U9) Draghi underpins
*RES 4: 128-14+ Upper Bollinger band (2%)
*RES 3: 127-28+ Sep 8 2017 high
*RES 2: 127-26+ 61.8% 134-07+-117-13+
*RES 1: 127-21+ Intraday high
*PRICE: 127-20 @ 10:21 BST, Jun 18
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-23+/01 50-dma/May 21 low
*SUP 3: 123-24/21+ 38.2% 117-13+-127-21/100-dma
*SUP 4: 122-30 May 3 low
Draghi's dovish speech gave bond markets a decent jolt, helping nudge Treasury
futures to fresh contract highs at 127-21+. This allows bulls to target the
61.8% retracement level & Sep 8 2017 high into view at 127-26+/28+, ahead of the
Nov 2016 highs. Should momentum flag, near-term support sits at 126-17+ and a
fall below here opens 125-27+ and the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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