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‌‌(M1)‌‌ Stalls At Resistance

US 10YR FUTURE TECHS
  • RES 4: 134-06+ High Feb 25
  • RES 3: 133-23 High Mar 2 and key near-term resistance
  • RES 2: 133-00+/06+ High Mar 11 and key resistance / High Mar 4
  • RES 1: 132-09 High Mar 17 and the intraday high
  • PRICE: 131-28+ @ 17:06 GMT Mar 24
  • SUP 1: 131-00 Low Mar 18 / Round number support
  • SUP 2: 130-07 Low Feb 2, 2020 and Lower 3.0% Bollinger Band
  • SUP 3: 129-19 Low Jan 24, 2020 (cont)
  • SUP 4: 128-29 Low Jan 17, 2020 (cont)

US 10y futures have traded higher early Wednesday before fading into the close. Recent gains are considered a correction and a break of 132-09 is required to suggest scope for a stronger bounce. On the downside, key support and the bear trigger remains 131-00, Mar 18 low. A break would resume the downtrend and clear the way for a move towards 130-07, Feb 2 2020 low (cont).

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