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(M1)‌‌ Consolidating Ahead Of The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 133-23 High Mar 2
  • RES 3: 133-00+ High Mar 11
  • RES 2: 132-25+ 50-day EMA
  • RES 1: 132-22 High Apr 15
  • PRICE: 132-14+ @ 11:51 BST Apr 21
  • SUP 1: 131-25 Low Apr 14
  • 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 are unchanged. The contract rallied Apr 15, clearing resistance at 132-09+, Mar 25 high. Gains are still considered corrective although the recent climb suggests scope for an extension higher. Attention is on the 50-day EMA at 132-25+. A clear break of the MA would strengthen a bullish case and open 133-23, Mar 2 high. Initial firm support has been defined at 131-12, Apr 13 low. First support is at 131-25, Apr 14 low.

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