Free Trial

(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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.