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(M18) Heads Into Congested.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Heads Into Congested 119-265/119-215 Support
*RES 4: 120-215 Apr 10 low, now resistance
*RES 3: 120-165/180 Apr 5 low, Apr 17 high
*RES 2: 120-130 Apr 12 low, now resistance
*RES 1: 120-070 Apr 16 low, now resistance
*PRICE: 119-270 @1108GMT
*SUP 1: 119-230 1.618 projection target from 121-035, Apr 19 low
*SUP 2: 119-215 Feb 27 low
*SUP 3: 119-140 Feb 15 low
*SUP 4: 119-070 1% volatility band
*COMMENTARY* Has continued to fall this week, losing pivotal 120-080/120-065
support in the process. A low so far of 119-230 at the time of writing, in the
midst of what looks a congested area of support between the early March lows at
119-265 and the Feb 27 low at 119-215. Resistance also continues to fall, the
Apr 16 low at 120-070 the initial barrier, then 120-130/120-180 of more
consequence higher.

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