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(M2)‌‌ Trend Remains Down

US 10YR FUTURE TECHS
  • RES 4: 126-26+ High Mar 10
  • RES 3: 126-04 High Mar 14
  • RES 2: 125-07+ 20-day EMA
  • RES 1: 123-25+ Low Mar 16 and a recent breakout level
  • PRICE: 122-29 @ 15:46 GMT Mar 24
  • SUP 1: 122-12 Low Mar 23
  • SUP 2: 122-00 Round number support
  • SUP 3: 121-15+ Low Mar 4 2019 (cont)
  • SUP 4: 121-02 Low Jan 18 2019 (cont)

Treasuries traded lower Thursday. Attention is on Wednesday’s 122-12 low where a break would again confirm a resumption of the downtrend. This would also maintain the bearish price sequence of lower lows and low highs that clearly highlights current sentiment and would open 122-00. Firm resistance is seen at 125-07+, the 20-day EMA. Initial resistance is seen at 123-25+, the Mar 16 low and this week’s breakout level.

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

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