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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: 133-02 High May 26
  • PRICE: 132-20 @ 16:01 BST May 27
  • SUP 1: 131-30/27 Low May 19 / 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 traded slightly lower Thursday. The contract has defined support at 131-27, May 13 low. Attention remains on this level, it marks a key S/T chart point 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 downtrend, paving the way for a test of 130-25+, Apr 5 low. On the upside, resistance to watch is 133-16+, May 7 high. A break would be bullish.

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