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(M0) Dips Are Likely...........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Dips Are Likely Corrective
*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: 139-13 High Apr 16
*PRICE: 139-10 @ 15:40 BST, Apr 17
*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
*SUP 4: 134-22 Low Mar 20
10yr futures are off recent highs however a bullish outlook remains intact. 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 is a bullish development
reinforcing the underlying positive outlook. Key S/T support is 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.

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