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(M0) Scope For A Deeper........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Scope For A Deeper Correction?
*RES 4: 141-21 3.236 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 140-26 3.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 140-24 High Mar 9 and bull trigger
*RES 1: 139-13+ High Mar 10
*PRICE: 136-27 @ 16:11 GMT, Mar 17
*SUP 1: 135-25+ Low Mar 13
*SUP 2: 135-13 20-day EMA
*SUP 3: 134-09 Low Mar 3
*SUP 4: 133-14 Low Feb 28
10yr futures remain volatile and continue to trade below last week's 140-24
high. The strong uptrend has been in overbought territory for some time and we
continue to focus on the potential for a much needed technical correction. Key
support for now lies at Friday's 135-25+ low. A break would allow for a deeper
pullback opening 135-13, 20-day EMA and potentially the 50-day EMA at 132-30+.
Initial firm resistance is at 139-13+, the Mar 10 high.

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