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(M18) Below 21-DMA To..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Below 21-DMA To Pressure 119-14/21+
*RES 4: 122-09+ 100-DMA
*RES 3: 122-02  Monthly High Feb 6
*RES 2: 121-01+ High Feb 7
*RES 1: 120-25+ 55-DMA
*PRICE: 120-12 @ 0430GMT
*SUP 1: 120-07+ 21-DMA
*SUP 2: 120-03  Low Mar 22
*SUP 3: 119-21+ Repeated Daily lows Feb
*SUP 4: 119-14  Monthly Low Feb 15
*COMMENTARY: The 55-DMA confirms significance with the recovery from last week's
low capped around this level. Bulls need a close above 121-01+ to confirm a
break of the 55-DMA, ending bearish hopes and shifting focus to 122-02/19+ where
Feb highs, the 100-DMA and 100-WMA are found. Pressure back on support layers is
a concern for bulls with bears needing a close below the 21-DMA to shift focus
back to 119-14/21+.

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