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(M9) Downside Break *RES 4:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Downside Break
*RES 4: 125-26+ 50% retracement of 134-07+-117-13+ 
*RES 3: 124-31 High Mar 27 
*RES 2: 124-05+ High Apr 1 
*RES 1: 123-29+ High Apr 10 
*PRICE: 123-04 @ 06:14 GMT, Apr 15 
*SUP 1: 122-27+ 55-dma
*SUP 2: 122-23 Low Mar 20 
*SUP 3: 122-12 Low Mar 12 
*SUP 4: 121-15+ Low Mar 4 
The poor weekly close has shifted the outlook bearish for US tsy futures with
the initial downside target the 55-dma just below current levels at 122-27+. A
break below here brings the March 20 low at 122-23 into focus ahead of the March
12 low at 122-12. On the upside bulls now have a tough job to recover
Wednesday's high at 123-29+ to reignite upside momentum towards the March 27
high at 124-31.

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