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(M0) Rallying, But Still.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Rallying, But Still Below Recent Highs
*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: 138-31+ @ 15:49 BST, Apr 28
*SUP 1: 138-17 Low Apr 17 and intraday low
*SUP 2: 137-16 Low Apr 7 and key near-term support
*SUP 3: 136-29+ Low Mar 24
After starting slowly, 10yr futures rallied during early US hours to stand flat
on the week. The move lacks an impulsive drive though and does little to change
the S/T picture that for now 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. The
subsequent recovery is a bullish development and price continues to hold above
the 20-day EMA. The focus is on 140-00 and the contract high of 140-24 from Mar
9. Key S/T support is 137-16, Apr 7 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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