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(M18) 120-20+/24 Resistance....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 120-20+/24 Resistance Key Today
*RES 4: 121-12  High Apr 2
*RES 3: 121-05  High Apr 4
*RES 2: 120-24  Hourly support Apr 12 now resistance
*RES 1: 120-20+ Hourly resistance Apr 12
*PRICE: 120-13+ @ 0320GMT
*SUP 1: 120-07  Low Apr 16
*SUP 2: 120-03  Low Mar 22
*SUP 3: 120-00+ Bollinger band base
*SUP 4: 119-21+ Repeated Daily lows Feb
*COMMENTARY: Pressure on the 120-11 resistance resulted in a break lower but
follow through has been lacking. The 120-20+/24 resistance region remains key
this week. Bulls need a close above Y120-24 to gain breathing room. Above 121-12
is needed to kick start topside momentum and initially target 121-24+/122-02
where the 100-DMA is noted. Bears now look for a close below 120-07 to confirm
traction below DMAs & shift focus back to 119-14/21+.

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