(U0) Still Range-Bound *RES....>

US 10YR FUTURE TECHS: (U0) Still Range-Bound

*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: 138-09+ @ 11:28 BST, Jun 04

*SUP 1: 138-03+ Low Jun 3

*SUP 2: 137-30+ Low May 6 and key support

*SUP 3: 137-29/19+ 50-day EMA / Low Apr 14

*SUP 4: 136-20 Low Mar 25

10yr futures weakened further Wednesday however key supports, for now, remain

intact, with the risk parameters holding at 139-16 at the top and 137-30+ at the

base. The underlying theme is bullish, however futures still need to clear

139-16, Apr 21 high to end the current sideways move and confirm a resumption of

the uptrend to target 139-25, Mar 25 contract high and the 140-00 handle.

Clearance of 137-30+, May 6 low would be bearish and expose 137-19+.