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(M18) Bears Need Close Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bears Need Close Below 120-11
*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: 120-15+ @ 2130GMT
*SUP 1: 120-11  Low Mar 26 & 27
*SUP 2: 120-03  Low Mar 22
*SUP 3: 120-00+ Bollinger band base
*SUP 4: 119-21+ Repeated Daily lows Feb
*COMMENTARY: The close below the 55-DMA (120-16+) leaves the contract looking
heavy and immediate pressure back on 120-11. Bears look for a close below 120-11
to confirm traction below DMAs & shift focus back to 119-14/21+. Resistance
layers are accumulating with bulls now needing a close above Y120-24 to gain
breathing room. Above121-12 is needed to kick start topside momentum and
initially target 121-31+/122-02.

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