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(M18) Bears Need Close Below...>

US 10YR FUTURE TECHS: (M18) Bears Need Close Below 119-21+
*RES 4: 121-05  High Apr 4
*RES 3: 120-21+ Low Apr 11 now resistance
*RES 2: 120-19+ Daily Bear channel top off Feb high
*RES 1: 120-14+ 100-DMA
*PRICE: 120-08 @ 0430GMT
*SUP 1: 119-30+ 55-DMA
*SUP 2: 119-21+ Low May 28
*SUP 3: 119-10+ 21-DMA
*SUP 4: 118-31  Alternating daily support/resistance
*COMMENTARY: Gains continued Monday with the close above the 55-DMA adding
support for a case now targeting 121-05/12 where Apr highs are located. The
Bollinger top (120-06) is the key concern for bulls. Layers of support following
the contract higher is adding to confidence. Bears now need a close below
119-21+ to ease bullish pressure and below 118-31 to shift focus back to 2018

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