US 10YR FUTURE TECHS: Remains Above Last Week’s Low

• RES 4: 117-29+ High Aug 26 2022 (cont)
• RES 3: 117-14+ High Aug 29 / 30 2022 (cont)
• RES 2: 116-06+/117-01+ High Mar 27 / High Mar 24 and bull trigger
• RES 1: 115-21+ High Mar 3
• PRICE: 115-10+ @ 11:31 BST Apr 4
• SUP 1: 114-13/07 20-day EMA / Low Mar 29 and 30
• SUP 2: 113-29+ 50-day EMA
• SUP 3: 113-26 Low Mar 22
• SUP 4: 113-08+ Low Mar 15

Treasury futures started the week on a firmer note as the contract recovered from last week’s 114-07 low on Mar 29 / 30. However, a bearish threat remains present following last week’s bearish signals - a shooting star on Mar 24 and a bearish engulfing candle on Mar 27. On the downside, the trigger for a resumption of weakness is 114-07. On the upside, a continuation higher would instead expose key resistance at 117-01+, the Mar 24 high.