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‌‌(M2)‌‌ Extends Recent Gains

US 10YR FUTURE TECHS
  • RES 4: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 3: 129-00 Round number resistance
  • RES 2: 128-23 High Jan 13
  • PRICE: 128-20+ @ 16:36 GMT Mar 1
  • SUP 1: 126-24 20-day EMA
  • SUP 2: 125-29 Low Feb 25
  • SUP 3: 125-14+ Low Feb 10 and the bear trigger
  • SUP 4: 125-06+ Low May 30 2019 (cont)

Treasuries traded firmer Tuesday as the contract extends the recovery that started Feb 10 off 125.14+. Price has cleared both the 20- and 50-day EMAs and the break of the latter EMA strengthens the current bullish theme. Resistance at 128-17, Jan 24 high has been tested. A clear break would signal scope for a climb towards the 129-00 handle next. On the downside, the 20-day EMA is seen as an initial firm support. It intersects at 126-24.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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