(M0) Consolidating But.........>

US 10YR FUTURE TECHS: (M0) Consolidating But Remains Bullish

*RES 3: 140-24 High Mar 9 and key contract high

*RES 2: 140-00 Round number resistance

*RES 1: 139-22 High Apr 22

*PRICE: 138-21 @ 16:06 BST, Apr 27

*SUP 1: 138-17 Low Apr 17

*SUP 2: 137-16 Low Apr 7 and key near-term support

*SUP 3: 136-29+ Low Mar 24

10yr futures edged lower at the halfway point of the US session, but this does

little to alter the short-term outlook, which remains bullish. On Apr 7, prices

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

on Apr 7 and the subsequent recovery marks a bullish development. Key short-term

support is 137-16, Apr 7 low. While it holds, the focus is on 140-00 and the

contract high of 140-24 from Mar 9. Initial support lies at 138-17, Apr 17 low.

The bull trigger is 139-22.