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(M9) Uptrend Cemented *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Uptrend Cemented
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 123-29+ Apr 10 high
*PRICE: 123-16+ @ 16:19 GMT, Apr 25
*SUP 1: 122-06 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-22/04+ 200-dma/Dec 12-13 lows
Consolidation above trendline resistance drawn off the March highs keeps the
recent uptrend intact setting up markets for a test of the Apr 10 high at
123-29+. A topside break of the 124 level brings the Mar 27 high back into view
at 124-31, ahead of the 50% retracement level at 125-26+. Any further move
higher will help cement any potential bull flag formation. Bears need a close
below the 50-dma & Wednesday's low at 122-31/23 to open a run at the Mar 12 low
& 38.2% retracement level at 122-12/02.
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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