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(M18) Bears Need Close Below...>

US 10YR FUTURE TECHS: (M18) Bears Need Close Below 120-11
*RES 4: 121-12  High Apr 3
*RES 3: 121-05  High Apr 4
*RES 2: 120-30+ Hourly resistance Apr 4
*RES 1: 120-25  Hourly resistance Apr 6
*PRICE: 120-21+ @ 0430GMT
*SUP 1: 120-17+ 21-DMA
*SUP 2: 120-11  Low Mar 26 & 27
*SUP 3: 120-03  Low Mar 22
*SUP 4: 119-21+ Repeated Daily lows Feb
*COMMENTARY: A lack of follow through on the break of 121-09 sees pressure on
the 21-DMA as daily studies look to correct from O/B levels. Bears still need a
close below 120-11 to confirm a break of the 21-DMA (120-17+) & shift focus back
to 119-14/21+. Resistance layers are building and weighing with bulls needing a
close above 120-30+ to gain breathing room and above 121-12 to kick start
bullish momentum.

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