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(M18) Bears Need Close Back....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bears Need Close Back Below 119-09
*RES 4: 120-20+ Hourly resistance Apr 12
*RES 3: 120-06+ High Apr 19, 55-DMA
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-29+ High Apr 20
*PRICE: 119-12+ @ 0430GMT
*SUP 1: 119-09  High Apr 25 now support
*SUP 2: 118-31  2018 Low Apr 25
*SUP 3: 118-24  Low Apr 13 2011
*SUP 4: 117-29+ Monthly Low Apr 8 2011
*COMMENTARY: O/S daily studies look to be impacting with the contract closing
last week above 119-14+. Bulls now look for a close above Y120-06+ to initially
target a correction back to 120-20+/24. Bulls take comfort in the 119-09 level
supporting Friday with bears needing a close below to retain initial focus on
retests of 2018 lows and overall focus on 117-22+/118-24 where the weekly bear
channel base and 2011 low are located.

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