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(M2)‌‌ Challenging Resistance The 50-Day EMA

US 10YR FUTURE TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 123-04 High Mar 31
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-25+ 38.2% retracement of the Mar 7 - May 9 bear leg
  • RES 1: 120-28/31 50-day EMA / Intraday high
  • PRICE: 120-25 @ 11:18 BST May 26
  • SUP 1: 119-15+ Low May 23
  • SUP 2: 118-16/117-08+ Low May 18 / Low May 9 and a bear trigger
  • SUP 3: 117-11+ 2.0% 10-dma envelope
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries continue to trade higher and the contract has tested above the 50-day EMA, currently at 120-28. A clear break of this average would reinforce bullish conditions and signal scope for a climb towards 121-25+, a Fibonacci retracement. Gains are still considered corrective though and the primary trend remains bearish. Key support and the bear trigger is 117-08+, May 9 low. Initial firm support has been defined at 118-16

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  • RES 4: 123-04 High Mar 31
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-25+ 38.2% retracement of the Mar 7 - May 9 bear leg
  • RES 1: 120-28/31 50-day EMA / Intraday high
  • PRICE: 120-25 @ 11:18 BST May 26
  • SUP 1: 119-15+ Low May 23
  • SUP 2: 118-16/117-08+ Low May 18 / Low May 9 and a bear trigger
  • SUP 3: 117-11+ 2.0% 10-dma envelope
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries continue to trade higher and the contract has tested above the 50-day EMA, currently at 120-28. A clear break of this average would reinforce bullish conditions and signal scope for a climb towards 121-25+, a Fibonacci retracement. Gains are still considered corrective though and the primary trend remains bearish. Key support and the bear trigger is 117-08+, May 9 low. Initial firm support has been defined at 118-16