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(U9) Retreats from Contract....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Retreats from Contract Highs
*RES 3: 127-28+ Sep 8 2017 high
*RES 2: 127-26+ 61.8% 134-07+-117-13+
*RES 1: 127-10+ Intraday high
*PRICE: 126-27+ @ 16:25 GMT, Jun 3
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-01+/01 50-dma/May 21 low
*SUP 3: 123-17+ 38.2% 117-13+-127-10+
The risk-off theme underpinned a surge in 10y futures throughout the European
morning, resulting in contract highs being printed up at 127-10+. Pullbacks
remain shallow, but the cycle highs never looked under threat during US hours.
Next resistance is seen at 127-26+ from the 61.8% retracement, above here would
see bulls target a return to the 130-00 level, ahead of the 76.4% retracement at
130-08+. Initial downside support comes in today at 125-06+, with a break here
needed to open the 50-dma & May 21 low at 124-01+/01.

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