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Watching Support At The 20-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 117-14+ High Aug 29 / 30 2022 (cont)
  • RES 3: 117-01+ High Mar 24 and bull trigger
  • RES 2: 116-30 High Apr 5 / 6
  • RES 1: 116-08 High Apr 12
  • PRICE: 115-20 @ 11:35 BST Apr 13
  • SUP 1: 115-05 20-day EMA
  • SUP 2: 114-18 Low Apr 3
  • SUP 3: 114-13+ 50-day EMA
  • SUP 4: 114-07 Low Mar 29 and 30 and a key support

Treasury futures remain below Wednesday’s high of 116-08. Initial support to watch lies at 115-05, the 20-day EMA. This average has recently provided support, however, a break would signal scope for a deeper retracement - down to 114-18 potentially, the Apr 3 low. For now, a bullish theme remains intact and moving average studies highlight an uptrend. Resistance at 117-01+, the Mar 24 high, is the bull trigger.

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