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‌‌(M1)‌‌ Bearish Focus

US 10YR FUTURE TECHS
  • RES 4: 134-20 High Feb 24
  • RES 3: 134-06+ High Feb 25
  • RES 2: 133-23 High Mar 2 and key near-term resistance
  • RES 1: 133-06 High Mar 4
  • PRICE: 132-05+ @ 16:20 GMT Mar 9
  • SUP 1: 131-23+ Low Mar 5
  • SUP 2: 130-09+ Lower 3.0% Bollinger Band
  • SUP 3: 130-07 Low Feb 2, 2020 and Key Support
  • SUP 4: 130-31 76.4% of the Dec 2019 - Mar 2020 rally

US 10y futures started the week on a softer note, maintaining last week's bearish theme that resulted in a trend low Friday at 131-23+. Some support has emerged Tuesday. The outlook though remains bearish with the contract maintaining the bearish trend sequence of lower lows and lower highs. Scope is for the 130-09+ vol band ahead of 130-07, Feb 2, 2020 low. Firm resistance is at 133-23, Mar 2 high.

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