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(M18) 120-080/120-065 Area.....>

US 10YR FUTURE TECHS: (M18) 120-080/120-065 Area Becomes Pivotal To Direction
*RES 4: 121-035 Apr 11 high
*RES 3: 120-310 Apr 12 high
*RES 2: 120-215 Apr 10 low, now resistance
*RES 1: 120-165 Apr 5 low, now resistance
*PRICE: 120-120 @1004GMT
*SUP 1: 120-080 Equality fall from 121-035 to 121-120/120-165
*SUP 2: 120-065/075 Feb 16 high, Apr 16 low
*SUP 3: 120-025 Mar 19 low
*SUP 4: 119-265 Mar 6, Mar 9 lows
*COMMENTARY* The move back above 120-230 on Mar 23 was the first inkling of an
upside revival which was carried on by the further rise through 120-280 at the
beginning of the month. A high of 121-120 just shy of the next resistance of
real note, the 76.4% Fibo retrace level at 121-145. Meanwhile, support from
120-250/120-230 has been lost, the lower 120-080/120-065 area now exposed, this
is anticipated to stay out of trouble, if gains are to continue. 

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