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(U1)‌‌ Directional Triggers Remain Intact

US 10YR FUTURE TECHS
  • RES 4: 133-20 1.382 proj of Apr 29 - May 7 - May 13 price swing
  • RES 3: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 133-06+ High Jun 11 and the bull trigger
  • RES 1: 132-30 High Jun 21
  • PRICE: 132-09+ @ 15:54 BST Jul 1
  • SUP 1: 131-24+/14 Low Jun 25 / Low Jun 17 and a key support
  • SUP 2: 131-01 Low May 13
  • SUP 3: 130-31+ Low May 19 and a key support
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures traded higher Wednesday and remain above 132-00. The key near-term directional triggers are unchanged at 133-06+, Jun 11 high and 131-14, Jun 17 low. Clearance of resistance would confirm a resumption of the uptrend that started Mar 30 and open 133-11 initially, a Fibonacci projection. On the downside, sub 131-14 levels would be bearish and instead expose the mid-May lows between 130-31+ and 131-01.

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