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(M0) Trend Outlook Still.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Trend Outlook Still Bullish
*RES 4: 141-26 0.764 projection of Feb 2 - 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: 139-22 High Apr 22
*PRICE: 138-20 @ 11:39 BST, May 6
*SUP 1: 138-17 Low Apr 17 and Low Apr 28
*SUP 2: 137-16 Low Apr 7 and key near-term support
*SUP 3: 137-05+ 50-day EMA
*SUP 4: 136-29+ Low Mar 24
10yr futures continue to inch lower. The technical picture is unchanged and
continues to highlight a bullish theme. The recovery from 137-16 on Apr 7 is a
positive development. The move higher marked a bounce off support highlighted by
the 20-day EMA and price for the most part continues to hold above the average.
The focus is on 140-00 and the contract high of 140-24 from Mar 9. Key S/T
support is at 137-16, Apr 7 low. Initial support is at 138-17.

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