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Tops 50-Day EMA Resistance

US 10YR FUTURE TECHS
  • RES 4: 114-06+ 61.8% retracement of the Feb 2 - Mar 2 bear leg
  • RES 3: 114-00 High Feb 14
  • RES 2: 113-15+ 50.0% retracement of the Feb 2 - Mar 2 bear leg
  • RES 1: 113-10 High Mar 10
  • PRICE: 112-22 @ 16:58 GMT Mar 10
  • SUP 1: 111-30/111-20+ 20-day EMA / Intraday low
  • SUP 2: 110-20+ Low Mar 8
  • SUP 3: 110-12+ Low Mar 02 and the bear trigger
  • SUP 4: 110-06 3.00 proj of the Jan 19 - Jan 30 - Feb 2 price swing

Treasury futures traded higher again Friday as price extends the current corrective bull phase. Price has breached the 20- and 50-day EMA, the latter at 112-31+. The clear break here opens 113-15+, a Fibonacci retracement, for direction. On the downside, initial support is seen at Friday’s 111-20+ intraday low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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