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(M18) Bears Need Close Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bears Need Close Below 120-02+
*RES 4: 121-02+ 55-DMA
*RES 3: 121-01+ High Feb 7
*RES 2: 120-23  High Mar 1
*RES 1: 120-20  Bollinger band top
*PRICE: 120-09 @ 0530GMT
*SUP 1: 120-02+ Low Mar 19
*SUP 2: 119-26+ Lows Mar 6 & 9
*SUP 3: 119-21  Repeated Daily lows Feb, Bollinger base
*SUP 4: 119-14  Monthly Low Feb 15
*COMMENTARY: The 120-23/121-02+ resistance region where the 55-DMA is noted
remains key with the 120-23 level capping last week and reconfirming
significance. Bulls need a close above 120-23 to hint at a move to 122-02 with
above the 55-DMA to confirm. The Bollinger band top (120-20+) remains the key
concern for bulls. Bears need a close below 120-02+ to ease pressure on
resistance layers and below 119-26+ to initially focus on 119-14.

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