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US 10YR FUTURE TECHS
  • RES 4: 130-18+ High Dec 31 2021 (cont)
  • RES 3: 129-31 Low Dec 8 (cont)
  • RES 2: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 1: 129-04/10 High Mar 7 / Trendline off Aug 4 ‘21 high (cont)
  • PRICE: 128-03 @ 11:57 GMT Mar 7
  • SUP 1: 127-00 Mar 2 low
  • 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 above 129-00 briefly Monday, marking an extension of the recent recovery from 127-00, Mar 2 low. The short-term outlook is unchanged and remains bullish. The contract recently breached both the 20- and 50-day EMAs, strengthening the current positive outlook. Resistance is at 129-04, today’s intraday high. A continuation higher would pave the way for a climb towards the 130-00 handle. Initial firm support is at 127-00.

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

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