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(M0) Still Range Bound *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Still Range Bound
*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: 139-16/22 High May 8 / High Apr 22
*PRICE: 139-07 @ 16:00 BST, May 13
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-16 Low Apr 7 and key near-term support
*SUP 3: 137-12 50-day EMA
*SUP 4: 136-29+ Low Mar 24
10yr futures are unchanged and continue to trade below Friday's 139-16 high. The
failure last week to tackle key resistance at 139-22, Apr 21 high leaves price
trading within the range that has developed over the past few weeks. The
underlying theme remains bullish, however futures need to clear 139-22 to
confirm a resumption of the uptrend and target 140-00 and beyond. On the
downside, clearance of 138-08+ would be a bearish development and expose 137-16.
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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