March 20, 2023 16:19 GMT
Key Resistance Remains Exposed
US 10YR FUTURE TECHS
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- RES 4: 117-14+ High Aug 29 / 30 2022 (cont)
- RES 3: 117-00 61.8% of the Aug - Oct 2022 bear leg (cont)
- RES 2: 116-28+ High Jan 19 and key resistance
- RES 1: 116-24 Intraday high
- PRICE: 115-05 @ 16:13 GMT Mar 20
- SUP 1: 114-25 Low Mar 20
- SUP 2: 114-01+ Low Mar 17
- SUP 3: 113-09+ 50-day EMA
- SUP 4: 112-21 Low Mar 13
Treasury futures are trading in a volatile manner rallying through 116.00 earlier Monday. A bullish short-term outlook remains intact. Key support to watch lies at 113-09+, the 50-day EMA and this level also represents a short-term pivot level.The focus is on 116-28+, the Jan 19 high and a key resistance. On the downside, a clear breach of the 50-day EMA would expose 112-21, the Mar 13 low.
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