US 10yr future aims at 126-15 & 126-26 targets
We stated in our last report to clients that “we still look for 125-185 and better support at 125-125 to try to hold into midweek and see a bounce threat”.
A dip and a rebound for a positive daily pattern Tuesday from ahead of support at 125-185, but still within the rally range of last Thursday, highlights a resilient tone.
The surge last week through critical chart/ retrace resistance barriers at 125-065/07 and 125-25/26, favours still further May upside
The risk remains for a push above the recent peak at 126-05 and higher to aim for 126-155, 126-26 this week and 127-125/175 chart/ retrace targets in late May.
WHAT CHANGES THIS?
Below 125-125 eases bull risks; through 124-205 signals a neutral tone, only shifting negative below 124-14.
Daily US 10yr June Future: Adjusted Continuation Chart
60 Min US 10yr June Future