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(M0) Bulls Still In Charge.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Bulls Still In Charge
*RES 4: 141-21 3.236 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 140-26 3.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 140-24 High Mar 9 and bull trigger
*RES 1: 139-13+ High Mar 10
*PRICE: 138-20+ @ 10:38 GMT, Mar 12
*SUP 1: 136-24 Intraday low
*SUP 2: 135-12+ Low Mar 5 and key near-term support
*SUP 3: 134-24+ 20-day EMA
*SUP 4: 134-09 Low Mar 3
10yr futures are firmer today but still trade below Monday's 140-24 high
following Tuesday's sharp pullback. The strong uptrend has been in overbought
territory for some time and the focus is on the potential for a much needed
technical correction. Key S/T support has been defined at today's136-24 intraday
low. This level would need to give way to allow for a deeper pullback. Until
then, the risk is for a retest of recent highs and a resumption of the uptrend.

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