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(M18) Below 119-14 Targets.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Below 119-14 Targets 117-29+118-14
*RES 4: 120-24  Hourly support Apr 12 now resistance
*RES 3: 120-20+ Hourly resistance Apr 12, 21-DMA
*RES 2: 120-06+ High Apr 19
*RES 1: 120-02+ Low Apr 18 now resistance
*PRICE: 119-25+ @ 0430GMT
*SUP 1: 119-21+ Repeated Daily lows Feb
*SUP 2: 119-14  Monthly Low Feb 15
*SUP 3: 118-24  Low Apr 13 2011
*SUP 4: 118-00  Weekly Bear channel base
*COMMENTARY: Immediate pressure is on the 119-14/21+ support region with bears
now needing a close below 119-14 to target 117-29+/118-14 where the weekly bear
channel base and levels last seen in 2011 are located. The Bollinger base
119-28+ remains the key concern for bears. Bulls now need a close above 120-06+
to gain breathing room and above Y120-24 to target a correction back to
121-05/12.

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