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Key Resistance Remains Exposed

US 10YR FUTURE TECHS
  • RES 4: 117-29+ High Aug 26 2022 (cont)
  • RES 3: 117-14+ High Aug 29 / 30 2022 (cont)
  • RES 2: 117-01+ High Mar 24 and bull trigger
  • RES 1: 116-30 High Apr 5 / 6
  • PRICE: 116-16+ @ 19:21 BST Apr 6
  • SUP 1: 115-29/115-02+ Low Apr 5 / Low Apr 4
  • SUP 2: 114-24+/07 20-day EMA / Low Mar 29 and 30
  • SUP 3: 114-03+ 50-day EMA
  • SUP 4: 113-26 Low Mar 22

Treasury futures traded higher this week as the contract extended the recovery from last week’s low. The strong bounce undermines recent bearish signals and price has cleared resistance at 116-06+, the Mar 27 high. The continuation higher exposes 117-01+, the Mar 24 high and a key short-term resistance. A break would strengthen bullish conditions and open 117-14+, the Aug 29/30 2022 high (cont). Key support is at 114-07, the Mar 29/30 low.

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