June 06, 2024 10:50 GMT
(U4) Bull Cycle Extends
US 10YR FUTURE TECHS
- RES 4: 111-09 High Apr 1
- RES 3: 110-27+ 1.00 proj of the Apr 25 - May 16 - 29 price swing
- RES 2: 110-17 High Apr 4
- RES 1: 110-12+ High Jun 5
- PRICE: 110-08+ @ 11:38 BST Jun 6
- SUP 1: 109-14 50-day EMA
- SUP 2: 109-07 20-day EMA
- SUP 3: 108-27+ Low Jun 3
- SUP 4: 107-31 Low May 29 and a key support
Treasuries maintain a firmer short-term tone and this week’s move higher has reinforced the current bullish theme. The contract has traded through resistance and a bull trigger at 110-09, the May 16 high. The break higher opens 110-17, the Apr 4 high, and 110-27+, a Fibonacci projection. On the downside, initial support to watch lies at 109-14+, the 50-day EMA. The 20-day EMA, lies at 109-07.
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