Trial now
OPTIONS

Expiries for Apr13 NY cut 1000ET (Source DTCC)

GERMAN DATA

ZEW Expectations Sentiment Fell in April

FOREX

Markets Await CPI, Fedspeak

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 133-02 50-day EMA
  • RES 3: 133-00+/06+ High Mar 11 / High Mar 4
  • RES 2: 132-09/09+ High Mar 17/24 / High Mar 25
  • RES 1: 132-01 Apr 8 high
  • PRICE: 132-00 @ 17:28 GMT Apr 8
  • SUP 1: 130-25+ Low Apr 5 and the bear trigger
  • SUP 2: 130-07+/07 Lower 3.0% Bollinger Band / Low Feb 2, 2020
  • SUP 3: 129-19 Low Jan 24, 2020 (cont)
  • SUP 4: 128-29 Low Jan 17, 2020 (cont)

US 10y futures are holding onto this week's gains. From a trend perspective, the outlook remains bearish. The contract resumed its downleg last week, breaking 131-00, Mar 18 low. This opens 130-07 and the psychological 130-00 handle. The move lower maintains the bearish sequence of lower lows and lower highs and together with bearish MA conditions, reinforces current sentiment. Key resistance is 132-09+, Mar 25 high.