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Remains Above Last Week’s Low

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: 116-06+/117-01+ High Mar 27 / High Mar 24 and bull trigger
  • RES 1: 115-21+ High Mar 3
  • PRICE: 115-10+ @ 11:31 BST Apr 4
  • SUP 1: 114-13/07 20-day EMA / Low Mar 29 and 30
  • SUP 2: 113-29+ 50-day EMA
  • SUP 3: 113-26 Low Mar 22
  • SUP 4: 113-08+ Low Mar 15

Treasury futures started the week on a firmer note as the contract recovered from last week’s 114-07 low on Mar 29 / 30. However, a bearish threat remains present following last week’s bearish signals - a shooting star on Mar 24 and a bearish engulfing candle on Mar 27. On the downside, the trigger for a resumption of weakness is 114-07. On the upside, a continuation higher would instead expose key resistance at 117-01+, the Mar 24 high.

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