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(M0) Range High Still Intact...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Range High Still Intact
*RES 4: 141-26 0.764 projection of Feb 6 - Mar 9 rally from Mar 19 low
*RES 3: 140-24 High Mar 9 and key contract high
*RES 2: 140-00 Round number resistance
*RES 1: 139-21/22 High May 15 / High Apr 21 and key resistance
*PRICE: 138-26 @ 11:26 BST, May 19
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-23+ 50-day EMA
*SUP 3: 137-16 Low Apr 7 and key near-term support
*SUP 4: 136-29+ Low Mar 24
10yr futures pulled back yesterday following a failure Friday to top key
resistance at 139-22, Apr 21 high. The pullback has left price trading within
the range that has developed over the past few weeks. The underlying theme is
bullish, however futures need to clear 139-22, Apr 21 high to confirm a
resumption of the uptrend and target 140-00 and beyond. On the downside,
clearance of 138-08+, May 6 low would be bearish and expose 137-16.

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