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‌‌(U1)‌‌ Trades Through Recent Highs

US 10YR FUTURE TECHS
  • RES 4: 133-00 Round number resistance
  • RES 3: 132-28+ 1.00 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 132-20+ High May 7 and key short-term resistance
  • RES 1: 132-18 High Jun 8
  • PRICE: 132-12+ @ 15:57 BST Jun 8
  • SUP 1: 131-18 Low Jun 3 and 4 and key short-term support
  • SUP 2: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 3: 130-23+/17+ Low Apr 29 / Low Apr 13
  • SUP 4: 129-31 Low Apr 6

US 10y futures traded higher Tuesday and have breached resistance at 132-05+, May 26 high. The break higher signals scope for stronger short-term gains and attention turns to the key resistance handle at 132-20+, May 7 high. A break of this level is required to offset recent bearish signals and instead would highlight a stronger bullish short-term trend structure. Key near-term support is at 131-18, Jun 3, 4 low.

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