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(U9) Retreats from highs,......>

US 10YR FUTURE TECHS: (U9) Retreats from highs, but outlook still bullish
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-16 Upper Bollinger band (2%)
*RES 1: 128-08+ Cycle highs
*PRICE: 127-20+ @ 10:55 BST, Jun 20
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-31+/01 50-dma/May 21 low
*SUP 3: 123-24/27+ 38.2% 117-13+-127-21/100-dma
Treasury futures retreated from the post-Fed cycle highs printed up at 128-08+
overnight, but held comfortably within the upper end of the week's range. The
medium-term trend remains pointed higher, and a close above the 128-00 mark will
add further strength to the upside argument. Resistance above there is layered
between 128-08+ and the 128-16 upper Bollinger Band. To the downside, near-term
support kicks in at Fib support at 127-08+ and the week's lows of 127-03. A fall
and close through here opens the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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