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(M3) Corrective Bounce Fades

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: 114-29/115-23 20-day EMA / High Apr 14
  • PRICE: 114-16 @ 16:49 BST Apr 21
  • SUP 1: 113-30+ Low Apr 19
  • SUP 2: 113-23 50.0% retracement of the Mar 3 - 24 bull run
  • SUP 3: 113-08+ Low Mar 15
  • SUP 4: 112-30 61.8% retracement of the Mar 3 - 24 bull run

Treasury futures faded Friday, to confirm the corrective nature of the recent recovery. This helps cement the current short-term downtrend. The contract has recently traded through the 20- and 50-day EMAs and pierced 114-00. This signals scope for weakness to 113-23, a Fibonacci retracement. On the upside, initial firm resistance to watch is at 114-29, the 20-day EMA. A break and close above this average is required to ease the current bearish threat.

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

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