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‌‌(H2)‌‌ Firmer Through London Close

US 10YR FUTURE TECHS
  • RES 4: 128-14 50-day EMA
  • RES 3: 127-24 High Feb 4
  • RES 2: 127-05+ 20-day EMA
  • RES 1: 127-01 High Feb 7
  • PRICE: 126-14+ @ 16:07 GMT Feb 17
  • SUP 1: 125-17+ Low Feb 10 and the bear trigger
  • SUP 2: 125-06+ Low May 30 2019 (cont)
  • SUP 3: 125-04+ 2.00 proj of the Jan 13 - 19 - 24 price swing
  • SUP 4: 124-11 2.0% 10-dma envelope

Treasuries saw early support overnight and through the London close, boosting prices back toward Monday’s highs, which remain the first upside target at 126-25+. Nonetheless, rallies remain shallow, keeping the focus pointed lower for now. Price trades in close proximity to recent lows of 125-17+ where a break would confirm a resumption of the current downtrend. Scope is seen for a move to 125-06+ next, 30 May 2019 low (cont).

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