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(M18) 120-11 & 121-12 Levels...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 120-11 & 121-12 Levels Key This Week
*RES 4: 122-02  Monthly High Feb 6
*RES 3: 121-30+ 100-DMA
*RES 2: 121-12  High Apr 2
*RES 1: 121-05  High Apr 4
*PRICE: 120-24+ @ 0430GMT
*SUP 1: 120-23  Low Apr 9
*SUP 2: 120-17+ 55-DMA
*SUP 3: 120-16+ Low Apr 5
*SUP 4: 120-11  Low Mar 26 & 27
*COMMENTARY: Bulls take comfort from support emerging around the 21-DMA
(120-19+) last week and providing the base for a bounce Friday. The 120-11
support remains key this week. Bears still need a close below 120-11 to confirm
a break of DMAs & shift focus back to 119-14/21+. The 121-12 resistance remains
key also. Bulls need a close above this level to kick start topside momentum and
initially target 121-31+/122-02.

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