March 14, 2023 10:47 GMT
Short-Term Outlook Remains Bullish
US 10YR FUTURE TECHS
- RES 4: 116-28+ High Jan 19 and key resistance
- RES 3: 116-08 High Feb 2
- RES 2: 116-00 Round number resistance
- RES 1: 115-13 High Mar 13
- PRICE: 113-27 @ 10:36 GMT Mar 14
- SUP 1: 113-10 High Mar 10
- SUP 2: 113-01+ 50-day EMA
- SUP 3: 112-21 Low Mar 13
- SUP 4: 112-09+ 20-day EMA
Treasury futures started the week on a firm note and yesterday’s rally marks an extension of last week’s strong impulsive bounce. A number of important Fibonacci retracement points have been cleared and 115-03+, the 76.4% retracement of the bear leg between Feb 2 - Mar 2, has been pierced. A clear breach would open the 116-00 handle. Price is today retracing part of yesterday's rally, initial firm support lies at 113-01+, the 50-day EMA.
125 words