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(M0) Recovery Gaining..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Recovery Gaining Momentum
*RES 3: 140-00 Round number resistance
*RES 2: 139-14+ High Apr 2 and bull trigger
*RES 1: 139-08+ High Apr 15
*PRICE: 139-01+ @ 15:57 BST, Apr 15
*SUP 1: 137-16 Low Apr 7
*SUP 2: 136-29+ Low Mar 24 and key near-term support
*SUP 3: 135-18 50-day EMA
10yr futures traded much firmer Wednesday and is seen as likely to extend gains.
Last week futures found support at 137-16. This was also the area where the
20-day EMA intersected on Apr 7. The recovery is a bullish development and
reinforces the underlying positive outlook. Key S/T support lies at 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. A break of 136-29+ would alter
the picture.

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