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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: 133-00+/06+ High Mar 11 / High Mar 4
  • PRICE: 132-01+ @ 16:04 GMT Mar 16
  • SUP 1: 131-23 Low Mar 12 / 15 and the bear trigger
  • SUP 2: 130-07 Low Feb 2, 2020 and key support
  • SUP 3: 130-05+ Lower 3.0% Bollinger Band
  • SUP 4: 129-19 Low Jan 24, 2020 (cont)

US 10y futures are consolidating. The trend condition though remains bearish. Attention is on 131-23, Friday's low where a clear break would confirm a resumption of the current downtrend and maintain the bearish price sequence of lower lows and lower highs. This would pave the way for weakness towards 130-07, Feb 2, 2020 low and and a key support. Key near term resistance has been defined at 133-00+.

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