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(M4) Trading At This Week’s Lows

US 10YR FUTURE TECHS
  • RES 4: 113-14 2.0% 10-dma envelope
  • RES 3: 112-29+ 76.4% retracement of the Feb 1 - 23 bear leg
  • RES 2: 112-10+ 61.8% retracement of the Feb 1 - 23 bear leg
  • RES 1: 111-06+/112-04+ 50-day EMA / High Mar 8 and bull trigger
  • PRICE: 110-04 @ 16:47 GMT Mar 15
  • SUP 1: 109-31 Low Mar 1
  • SUP 2: 109-25+ Low Feb 23 and the bear trigger
  • SUP 3: 109-14+ Low Nov 28
  • SUP 4: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing

Treasuries traded sharply lower Thursday and extended losses into the Friday close. A continuation lower would threaten the recent bull cycle and highlight scope for an extension towards key support at 109-25+, the Feb 23 low and a bear trigger. A break of this level would resume the downtrend that started late December last year. Key short-term resistance and a bull trigger is at 112-04+, the Mar 8 high.

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