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(M1)‌‌ Trading Above The 50-day EMA

US 10YR FUTURE TECHS
  • RES 4: 134-21+ 100-dma
  • RES 3: 134-06+ High Feb 25
  • RES 2: 133-23 High Mar 2
  • RES 1: 133-16 Post-NFP High May 7
  • PRICE: 132-26+ @ 12:01 BST May 10
  • SUP 1: 132-09+/131-18+ 120-day EMA / Low Apr 29
  • 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 surged higher Friday but failed to hold onto session highs. Price however is trading above the 50-day EMA and Friday's initial strong print above former resistance at 132-24+, Apr 22 high does suggest scope for an extension higher near-term. Initial resistance and a bull trigger is at Friday's 133-16+. On the downside initial support is seen at 132-09+, the 20-day EMA. Key support had been defined at 131-18+, Apr 29 low.

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