US 10YR FUTURE TECHS: (M5) Trendline Support Remains Intact For Now

• RES 4: 114-10   High Apr 7 and the bull trigger  
• RES 3: 113-09+ 76.4% retracement of the Apr 7 - 9 sell-off
• RES 2: 112-21+ 61.8% retracement of the Apr 7 - 9 sell-off   
• RES 1: 112-08   High Apr 8 
• PRICE:‌‌ 110-26 @ 17:01 BST Apr 10 
• SUP 1: 110-01   Intraday low 
• SUP 2: 109-30+ Trendline support drawn from the Jan 13 low  
• SUP 3: 109-13+ Low Feb 24  
• SUP 4: 108-26+ 76.4% of the Jan 13 - Apr 7 bull cycle    

Treasury futures continue to trade closer to their recent lows following this week’s move lower. Attention is on trendline support at 109-30+, drawn from the Jan 13 low. A clear break of this support would strengthen a bearish threat. Note that the steep sell-off could still be a corrective pullback that has allowed an oversold trend condition to unwind. Initial resistance to watch is 112-08, the Aug 8 high. A break would highlight a possible early reversal.