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(M0) Continues To Retrace......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Continues To Retrace
*RES 4: 140-24 High Mar 9 and key contract high
*RES 3: 140-00 Round number resistance
*RES 2: 139-22 High Apr 22
*RES 1: 139-11+ High Apr 30
*PRICE: 138-18 @ 11:43 BST, May 7
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-16 Low Apr 7 and key near-term support
*SUP 3: 137-07+ 50-day EMA
*SUP 4: 136-29+ Low Mar 24
10yr futures inched lower yesterday. The technical picture is unchanged and
still bullish, but this has weakened somewhat following the recent move lower.
Key support is at 137-16, Apr 7 low where a break would confirm a near-term
reversal. Initial support ahead of this level is at 138-06, the Apr 15 low. On
the upside, key resistance and the bull trigger is 139-22, Apr 21 high. A break
would open 140-00 and the contract high of 140-24 from Mar 9.

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