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(M3) Bullish Outlook

US 10YR FUTURE TECHS
  • RES 4: 117-01+ High Mar 24 and bull trigger
  • RES 3: 116-30 High Apr 5 / 6
  • RES 2: 116-08 High Apr 12
  • RES 1: 115-08+/30+ Intraday high / High Apr 26
  • PRICE: 115-02+ @ 11:27 BST Apr 28
  • SUP 1: 114-18+/17+ 50-day EMA / Intraday low
  • SUP 2: 113-30+ Low Apr 19 and key short-term support
  • SUP 3: 113-23 50.0% retracement of the Mar 3 - 24 bull run
  • SUP 4: 113-08+ Low Mar 15

Treasury futures maintain a bullish tone despite the recent pullback. The recovery on Tuesday undermines a recent bearish theme and support at the 50-day EMA remains intact. The average intersects at 114-18+. A stronger resumption of gains would open 116-08, the Apr 12 high and expose the key resistance at 117-01+, the Mar 24 high. Key support is at 113-30+, the Apr 19 low. A break would reinstate the recent bearish theme.

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