(M0) Bullish Focus *RES 4:.....>

US 10YR FUTURE TECHS: (M0) Bullish Focus

*RES 4: 140-24 High Mar 9 and key contract high

*RES 3: 140-00 Round number resistance

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

*RES 1: 139-09 High Apr 14

*PRICE: 139-04+ @ 11:43 BST, Apr 16

*SUP 1: 137-16 Low Apr 7

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

*SUP 3: 135-18 50-day EMA

*SUP 4: 134-22 Low Mar 20

10yr futures traded higher yesterday and further gains are likely. Last week

price 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.