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(M0) Recovers Off Recent.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Recovers Off Recent Lows
*RES 4: 139-07 High Mar 12
*RES 3: 138-30+ High Mar 16
*RES 2: 138-04 High Mar 17
*RES 1: 137-06+ 50% retracement of the Mar 9 - Mar 19 sell-off
*PRICE: 136-16 @ 16:00 GMT, Mar 20
*SUP 1: 133-21 Low Mar 19
*SUP 2: 133-14 Low Feb 28
*SUP 3: 133-06+ 50-day EMA
*SUP 4: 132-18+ Low Feb 26
10yr futures traded lower Thursday but markets have since recovered.
Importantly, the 50-day EMA has this week remained intact. This suggests the
recent sell-off has been corrective and as long as yesterday's low of 133-21
remains intact, there is a possibility the contract could extend higher.
Friday's breach of 136.00+, Mar 18 high opens 138.04, the Mar 17 high. A break
of 133-21 resumes recent bearish pressure.

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