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(M1)‌‌ 50-Day EMA Marks Resistance

US 10YR FUTURE TECHS
  • RES 4: 134-06+ High Feb 25
  • RES 3: 133-23 High Mar 2
  • RES 2: 133-00+ High Mar 11
  • RES 1: 132-23/24+ 50-day EMA / Apr 22 high and bull trigger
  • PRICE: 131 28 @ 11:56 BST Apr 28
  • SUP 1: 131-25+ Intraday low
  • SUP 2: 131-12 Low Apr 13 and key near-term support
  • SUP 3: 131-03+ Low Apr 6
  • SUP 4: 130-25+ Low Apr 5 and the bear trigger

US 10y futures traded higher last week but found resistance at 132-24+, Apr 22 high. Recent gains, while still suggesting scope for an extension higher, have stalled ahead of the 50-day EMA. The average intersects at 132-23 today. A clear break of the average would strengthen a bullish case and open 133-23, Mar 2 high. Initial firm support has been defined at 131-12, Apr 13 low. A break would be bearish.

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