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(M9) Shows Above Apr10 High....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Shows Above Apr10 High
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-02+ 61.8% 124-31 - 122-20+
*PRICE: 123-28 @ 16:49 GMT, May 1
*SUP 1: 122-10+ 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-24/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22 Dec 4 low
US tsy futures built momentum further Wednesday ahead of the Federal Reserve
rate decision, with the 10y showing above the Apr10 highs to shift the next
target upwards to 124-02+. A topside break here extends the recovery towards the
March 27 ytd high at 124-31. The 50-dma provides initial support at 123-03, with
a break here needed to challenge the March 12 low & 100-dma at 122-12/10+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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