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(M0) Continues To Retrace......>
US 10YR FUTURE TECHS: (M0) Continues To Retrace
*RES 4: 140-24 High Mar 9 and key contract high
*RES 3: 140-00 Round number resistance
*RES 2: 139-22 High Apr 22
*RES 1: 139-11+ High Apr 30
*PRICE: 138-18 @ 11:43 BST, May 7
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-16 Low Apr 7 and key near-term support
*SUP 3: 137-07+ 50-day EMA
*SUP 4: 136-29+ Low Mar 24
10yr futures inched lower yesterday. The technical picture is unchanged and
still bullish, but this has weakened somewhat following the recent move lower.
Key support is at 137-16, Apr 7 low where a break would confirm a near-term
reversal. Initial support ahead of this level is at 138-06, the Apr 15 low. On
the upside, key resistance and the bull trigger is 139-22, Apr 21 high. A break
would open 140-00 and the contract high of 140-24 from Mar 9.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.