(M0) Bullish Focus *RES 3:.....>

US 10YR FUTURE TECHS: (M0) Bullish Focus

*RES 3: 140-00 Round number resistance

*RES 2: 139-14+ High Apr 2 and bull trigger

*RES 1: 139-13 High Apr 16

*PRICE: 139-11+ @ 15:42 BST, Apr 16

*SUP 1: 137-16 Low Apr 7

*SUP 2: 136-29+ Low Mar 24 and key near-term support

*SUP 3: 135-26 50-day EMA

10yr futures traded higher Wednesday and posted further gains during the

Thursday session. This leaves further gains more likely. Last week prices found

support at 137-16. This was also the area where the 20-day EMA intersected on

Apr 7. The recovery is a bullish development and reinforces the underlying

positive outlook. Key S/T support lies at 136-29+, Mar 24. While it holds, the

focus is on 140-00 and the contract high of 140-24 from Mar 9. The bull trigger

is 139-14+, Apr 2 high. A break of 136-29+ would alter the picture.