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‌‌(M2)‌‌ Trend Conditions Remain Bearish

US 10YR FUTURE TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed IncomeBond Market News
  • RES 4: 122-02 50-day EMA
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14 and a reversal point
  • RES 1: 119-28/120-18+ 20-day EMA / High Apr 27
  • PRICE: 118-01 @ 16:18 BST May 5
  • SUP 1: 117-30+ Low May 5
  • SUP 2: 117-29 1.0% 10-dma envelope
  • SUP 3: 117-22+ Low Nov 8 2018 (cont)
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries remain bearish and printed fresh lows Thursday. Support at 118-08, Apr 22 low, gave way - hitting the bear trigger in the process. This signals a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. MA studies remain in a bear mode. Potential is seen for weakness towards 117-22+ next, the low from Nov 8 2018. Key short-term resistance is unchanged at 120-18+.

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  • RES 4: 122-02 50-day EMA
  • RES 3: 122-12+ High Apr 4
  • RES 2: 121-09 High Apr 14 and a reversal point
  • RES 1: 119-28/120-18+ 20-day EMA / High Apr 27
  • PRICE: 118-01 @ 16:18 BST May 5
  • SUP 1: 117-30+ Low May 5
  • SUP 2: 117-29 1.0% 10-dma envelope
  • SUP 3: 117-22+ Low Nov 8 2018 (cont)
  • SUP 4: 116-28 0.764 proj of the Mar 7 - 28 - 31 price swing

Treasuries remain bearish and printed fresh lows Thursday. Support at 118-08, Apr 22 low, gave way - hitting the bear trigger in the process. This signals a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. MA studies remain in a bear mode. Potential is seen for weakness towards 117-22+ next, the low from Nov 8 2018. Key short-term resistance is unchanged at 120-18+.