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(M3) Bias Remains Higher Despite Friday Dip

US 10YR FUTURE TECHS
  • RES 4: 118-00 Round number resistance
  • RES 3: 117-29+ High Aug 26 2022 (cont)
  • RES 2: 117-01+ High Mar 24 and bull trigger
  • RES 1: 117-00 High May 4
  • PRICE: 115-25+ @ 15:48 BST May 5
  • SUP 1: 115-13+ Low May 5
  • SUP 2: 115-07+ 20-day EMA
  • SUP 3: 114-10 Low May 1
  • SUP 4: 113-30+ Low Apr 19 and key short-term support

Treasury futures broke lower Friday on the back of the better-than-expected payrolls release, however major support remains in tact for now. This keeps the outlook bullish and attention is on key resistance at 117-01+, the Mar 24 high and bull trigger. A break of this hurdle would strengthen current trend conditions. Initial firm support is at 115-07+, the 20-day EMA. Key support is far-off at 113-30+, the Apr 19 low. Short-term pullbacks are considered corrective.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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