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Trend Outlook Is Bullish

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(H0) Firm to Firmer *RES 4:....>

US 10YR FUTURE TECHS: (H0) Firm to Firmer
*RES 4: 132-14+ 1.0% 10-dma envelope
*RES 3: 132-13 High 2019
*RES 2: 132-07+ 3.0% Upper Bollinger Band
*RES 1: 132-04+ Feb 21 high
*PRICE: 131-27 @ 16:07 GMT, Feb 21
*SUP 1: 130-19+ Low Feb 12
*SUP 2: 130-07 Low Jan 29 and key near-term support
*SUP 3: 129-30+ 50-day EMA
*SUP 4: 129-17+ Low Jan 23
The uptrend in Treasuries was cemented Friday with a break above the early
February and 2020 highs of 131-29 putting bulls solidly in control. Key
resistance at 132-02+ gave way, making the 2019 highs at 132-13 a realistic
prospect. Momentum measures are yet to flash oversold for Treasuries at current
levels, meaning this rally could run a little further before moderating. To the
downside, bears eye 129-30+, an area of support highlighted by the 50-day EMA.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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