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(M2)‌‌ Monitoring Resistance

US 10YR FUTURE TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 122-12+ High Apr 4
  • RES 3: 121-09 High Apr 14
  • RES 2: 121-00 50-day EMA
  • RES 1: 120-010/120-18+ High May 19 / High Apr 27
  • PRICE: 119-19+ @ 11:13 BST May 20
  • SUP 1: 118-16/117-08+ Low May 18 / Low May 9 and a bear trigger
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-22+ 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries traded higher Thursday and above 120-00+, May 12 high. The contact however failed to hold on to the session high. The trend direction is down and gains are still considered corrective. Any resumption of strength however would open 120-18+, the Apr 27 high. This level represents an important short-term resistance where a break would signal scope for a stronger retracement. Key support and bear trigger is 117-08+, May 9 low.

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  • RES 4: 122-12+ High Apr 4
  • RES 3: 121-09 High Apr 14
  • RES 2: 121-00 50-day EMA
  • RES 1: 120-010/120-18+ High May 19 / High Apr 27
  • PRICE: 119-19+ @ 11:13 BST May 20
  • SUP 1: 118-16/117-08+ Low May 18 / Low May 9 and a bear trigger
  • SUP 2: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing
  • SUP 3: 116-22+ 2.0% 10-dma envelope
  • SUP 4: 116.00 Round number support

Treasuries traded higher Thursday and above 120-00+, May 12 high. The contact however failed to hold on to the session high. The trend direction is down and gains are still considered corrective. Any resumption of strength however would open 120-18+, the Apr 27 high. This level represents an important short-term resistance where a break would signal scope for a stronger retracement. Key support and bear trigger is 117-08+, May 9 low.