August 05, 2022 10:37 GMT
(U2) Remains Above The 50-Day EMA
US 10YR FUTURE TECHS
- RES 4: 123-13+ 1.764 proj of the 14 - 23 - 28 price swing
- RES 3: 122-29+ High Mar 31
- RES 2: 122-26+ 2.0% 10-dma envelope
- RES 1: 122-02 High Aug 02
- PRICE: 120-17 @ 11:25 BST Aug 05
- SUP 1: 119-10+/119-05 Low Aug 3 / 50-day EMA
- SUP 2: 117-14+ Low Jul 21 and key near-term support
- SUP 3: 116-11 Low Jun 28
- SUP 4: 115-20 Low Jun 17
Treasuries are unchanged. The contract traded higher to begin the week before finding resistance and retracing. Price remains below 122-02, Aug 02 high. Short-term trend conditions are bullish though and the 50-day EMA, at 119-05, represents a key support. A resumption of strength would refocus attention on 112-02 where a break would resume the uptrend and open 122-29+, the Mar 31 high. A break of the 50-day EMA would concern bulls.
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