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(M2)‌‌ Eyeing The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 123-04 High Mar 31
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14
  • RES 1: 120-28+ 50-day EMA
  • PRICE: 120-18+ @ 10:20 BST May 25
  • 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: 117-07 2.0% 10-dma envelope
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries traded higher Tuesday. The contract has breached resistance at 120-10, May 19 high. This improves the current short-term bullish condition and signals scope for a continuation higher. The focus is on 120-28+, the 50-day EMA and a key near-term resistance. Short-term gains are still considered corrective. Key support and the bear trigger is 117-08+, May 9 low. Initial firm support has been defined at 118-16, May 18 low.

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  • RES 4: 123-04 High Mar 31
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14
  • RES 1: 120-28+ 50-day EMA
  • PRICE: 120-18+ @ 10:20 BST May 25
  • 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: 117-07 2.0% 10-dma envelope
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries traded higher Tuesday. The contract has breached resistance at 120-10, May 19 high. This improves the current short-term bullish condition and signals scope for a continuation higher. The focus is on 120-28+, the 50-day EMA and a key near-term resistance. Short-term gains are still considered corrective. Key support and the bear trigger is 117-08+, May 9 low. Initial firm support has been defined at 118-16, May 18 low.