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(M0) Waiting For A Breakout....>

US 10YR FUTURE TECHS: (M0) Waiting For A Breakout
*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: 139-03+ @ 11:45 BST, May 1
*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: 136-29+ Low Mar 24
*SUP 4: 136-22+ 50-day EMA
10yr futures remain unchanged and continue to consolidate. The technical picture
though still highlights a bullish backdrop. On Apr 7, prices found support at
137-16. This was also the area where the 20-day EMA intersected on Apr 7. The
subsequent recovery is a positive development and price continues to hold above
the 20-day EMA. The focus is on 140-00 and the contract high of 140-24 from Mar
9. Key S/T support is 137-16, Apr 7 low.

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