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(M3) Remains Above The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 117-29+ High Aug 26 2022 (cont)
  • RES 3: 117-01+ High Mar 24 and bull trigger
  • RES 2: 117-00 High May 4
  • RES 1: 116-16 High May 11
  • PRICE: 116-05 @ 16:37 BST May 11
  • SUP 1: 115-01+/114-28 Low May 9 / 50-day EMA
  • SUP 2: 114-10 Low May 1
  • SUP 3: 113-30+ Low Apr 19 and a key support
  • SUP 4: 113-26 Low Mar 22

Treasury futures bounced again Thursday, to open a gap with key short-term support at 115-01+, the May 9 low. This level lies ahead of 114-28, the 50-day EMA. A clear break of this average would signal scope for a deeper retracement towards 114-10 initially, May 1 low. For bulls, the extension of Wednesday’s bounce is a positive development. A continuation higher would open key resistance at 117-01+, the Mar 24 high. This is the bull trigger.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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