US 10YR FUTURE TECHS: (U6) Approaching Resistance
Jun-12 15:55
* RES 4: 110-28+ High May 7 * RES 3: 110-14 38.2% retracement of the Mar 2 - May 19 bear leg * RES 2...
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US 10YR FUTURE TECHS: (M6) Approaching Key Support
May-13 15:55
- RES 4: 111-31 50.0% retracement of the Mar 2 - 27 bear leg
- RES 3: 111-27+ High Apr 17 and the bull trigger
- RES 2: 111-04+ 50-day EMA
- RES 1: 110-21+ 20-day EMA
- PRICE: 109-30+ @ 16:40 BST May 13
- SUP 1: 109-26 Low May 13
- SUP 2: 109-24 Low Mar 27 and the bear trigger
- SUP 3: 109-22+ 1.764 proj of the Mar 10 - 13 - 18 price swing
- SUP 4: 109-12 2.000 proj of the Mar 10 - 13 - 18 price swing
Treasuries have traded lower this week, reinforcing a short-term bearish theme. Note too that MA studies are in a bear-mode position, highlighting a dominant downtrend. Resistance to watch is 111-04+, the 50-day EMA. A clear break of this average would highlight a possible reversal. On the downside, the bear trigger is unchanged at 109-24, the Mar 27 low. Clearance of this support would confirm a resumption of the downtrend.
US TSY FUTURES: BLOCK: Jun'26 5Y Buy
May-13 15:52
- +11,000 FVM6 107-09.5, buy through 107-09 post time offer at 1137ET, DV01 $464,000.
- The 5Y contract trades 107-09.5 last (-2.75)
US TSY FUTURES: BLOCK: Jun'26 2Y Buy
May-13 15:44
- +8,000 TUM6 103-11, buy through 103-10.75 post time offer at 1138:00ET, DV01 $297,000.
- The 2Y contract trades 103-11 last (-.62)
