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(M18) Pivotal 113-272/113-270...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Pivotal 113-272/113-270 Support Comes Under Pressure
*RES 4: 114-157 Apr 4 high
*RES 3: 114-135/140 Apr 11, Apr 6 highs
*RES 2: 114-080/100 Congestion Apr 5-11, Apr 12 high
*RES 1: 114-040/050 Apr 5, Apr 10 lows, now resistance
*PRICE: 113-285 @0930GMT
*SUP 1: 113-270/272 Apr 13, Mar 9 lows
*SUP 2: 113-222 Feb 20 low, low
*SUP 3: 113-180/190 1.618 projection from 114-140, Mar 21 low
*SUP 4: 113-010 1% volatility band
*COMMENTARY* The 114-040/114-050 support finally gave way last Thursday, moving
below next support from 114-007 in the process. Now looking at the potential for
a 113-272/113-270 fall next, as we give back gains seen since the Mar 21 low at
113-190. Loss of 113-270 would see overall bias switch to lower again, with the
113-190/113-180 area at risk of test again. Resistance from between
114-040/114-100 but 114-135/114-157 presents a tougher ask above.

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