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Recovery Exposes Key Resistance

US 10YR FUTURE TECHS
  • RES 4: 117-29+ High Aug 26 2022 (cont)
  • RES 3: 117-14+ High Aug 29 / 30 2022 (cont)
  • RES 2: 117-01+ High Mar 24 and bull trigger
  • RES 1: 116-09 High Apr 4
  • PRICE: 115.31 @ 19:23 BST Apr 4
  • SUP 1: 115-02+ Low Apr 5
  • SUP 2: 114-18+/07 20-day EMA / Low Mar 29 and 30
  • SUP 3: 114-00+ 50-day EMA
  • SUP 4: 113-26 Low Mar 22

(corrects typo) Treasury futures started the week on a firmer note and traded higher again Tuesday, as the contract extends the recovery from last week’s low. The strong bounce undermines recent bearish signals and price has pierced resistance at 116-06+, the Mar 27 high. A continuation higher would signal scope for gains towards 117-01+, the Mar 24 high and a key short-term resistance. Key support has been defined at 114-07, the Mar 29 and 30 low.

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