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(M18) Pivotal 113-272 Support...>

US 5YR FUTURE TECHS: (M18) Pivotal 113-272 Support Comes Under Pressure
*RES 4: 114-135/140 Apr 11, Apr 6 highs
*RES 3: 114-080/100 Congestion Apr 5-11, Apr 12 high
*RES 2: 114-040/050 Apr 5, Apr 10 lows, now resistance
*RES 1: 114-010 Hourly resistance
*PRICE: 113-285 @0955GMT
*SUP 1: 113-257/272 Apr 16, Mar 9 lows
*SUP 2: 113-222 Feb 20 low
*SUP 3: 113-180/190 1.618 projection from 114-140, Mar 21 low
*SUP 4: 112-317 1% volatility band
*COMMENTARY* The 114-040/114-050 area finally gave way last Thursday, moving
below next support from 114-007 in the process. Now looking towards
113-272/113-257 for support next, as we give back gains seen since the Mar 21
low at 113-190. Sustained loss of 113-272 would see overall bias switch to lower
again, with the 113-190/113-180 area at risk of test next. Resistance from
between 114-010/114-050 but 114-080/114-100 now presents a tougher ask above.

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