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(U0) Eyeing April Lows *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Eyeing April Lows
*RES 4: 140-27 0.618 projection of Feb 6 - Mar 9 rally from Mar 18 low
*RES 3: 140-00 Round number resistance
*RES 2: 139-25 Contract high, Mar 25
*RES 1: 139-13+/16 High May 15 / High Apr 21 and key resistance
*PRICE: 137-23+ @ 16:01 BST, Jun 04
*SUP 1: 137-22 Low Jun 4
*SUP 3: 137-19+ Low Apr 14
*SUP 3: 137-06+ 50% March Sell-Off
*SUP 4: 136-20 Low Mar 25
10yr futures slipped further Thursday, taking out the base of the recent risk
range at 137-30+. This pressures the medium-term outlook, betraying the
until-now bullish outlook. This exposes the early April lows and key support at
137-19+ and the 50% Fib below at 137-06+. To repair the upside argument, bulls
need to take out 139-16, Apr 21 high to confirm a resumption of the uptrend to
target 139-25, Mar 25 contract high and the 140-00 handle.

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