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US 10YR FUTURE TECHS
  • RES 4: 134-06+ High Feb 25
  • RES 3: 133-23 High Mar 2
  • RES 2: 133-16+ High May 7 and key short-term resistance
  • RES 1: 132-30+ High May 10
  • PRICE: 132-06 @ 11:30 BST May 20
  • SUP 1: 131-27 Low May 13
  • SUP 2: 131-18+/12 Low Apr 29 and key support / Low Apr 13
  • SUP 3: 131-03+ Low Apr 6
  • SUP 4: 130-25+ Low Apr 5 and the bear trigger

US 10y futures are unchanged. The contract found support last week at 131-27, May 13 low. Attention remains on this support, it marks a key S/T level that if breached would expose 131-18+, Apr 29 low. The broader trend is bearish and a breach of 131-18+ would signal a resumption of the bear trend, paving the way for a test of the key support at 130-25+, Apr 5 low. On the upside, key resistance remains 133-16+, May 7 high.

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