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(M0) All Eyes Still On Key.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) All Eyes Still On Key Resistance
*RES 4: 141-26 0.764 projection of Feb 6 - Mar 9 rally from Mar 19 low
*RES 3: 140-24 High Mar 9 and key contract high
*RES 2: 140-00 Round number resistance
*RES 1: 139-16/22 High May 8 / High Apr 22 and key resistance
*PRICE: 139-14 @ 11:17 BST, May 15
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-17+ 50-day EMA
*SUP 3: 137-16 Low Apr 7 and key near-term support
*SUP 4: 136-29+ Low Mar 24
10yr futures are firmer however they still trade below the May 8 high of 139-16.
The failure last week to tackle key resistance at 139-22, Apr 21 high leaves
price trading within the range that has developed over the past few weeks. The
underlying theme is bullish, however futures need to clear 139-22 to confirm a
resumption of the uptrend and target 140-00 and beyond. On the downside,
clearance of 138-08+ would be a bearish development and expose 137-16.

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