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(M18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bulls Need Close Above 120-23
*RES 4: 122-02 Monthly High Feb 6
*RES 3: 121-08+ 55-DMA
*RES 2: 121-01+ High Feb 7
*RES 1: 120-23 High Mar 1
*PRICE: 120-20 @ 0310GMT
*SUP 1: 120-15 Hourly support Mar 15
*SUP 2: 120-07+ Low Mar 14
*SUP 3: 120-03+ 21-DMA
*SUP 4: 119-26+ Lows Mar 6 & 9
*COMMENTARY: Bulls take comfort in pressure returning to the 120-23 resistance
and look for a close above to gain breathing room. A close above the 55-DMA is
then needed to shift initial focus to 122-02. The Bollinger band top (120-20+)
remains the key concern for bulls. Layers of support are building with bears now
needing a close below the 21-DMA to ease pressure on resistance layers and below
119-26+ to initially focus on 119-14.

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