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PROPRIETARY NEWSLETTER

Ten Year Note Futures options news – DAW Trading – BrokersEDGE 4-26-18

10-year (June)

Yesterday’s close: Settled at 119’025, down 0’08

Fundamentals: Yes, the 10-year has reached 3% but don’t get too excited just yet. While there is a 7-year Note auction today, traders are looking ahead to Q1 GDP tomorrow, the FOMC next Wednesday and Nonfarm Payroll Friday and can easily begin short-covering. We call into questions recent growth as well as underlying inflation and wage growth. For this reason, we see strong long-term value at the 119’00 area technically and fundamentally. The ECB left policy unchanged as expected and ECB President Mario Draghi begins his press conference at 7:30 am CT. Also, at that time weekly Jobless Claims, Durable Goods and Trade Balance are due.

Technicals: We have maintained a slight Bullish Bias into what we have called a generational support level at 119’00-119’14; if this level holds we can see a very firm bounce. We are only slightly bullish to exude the type of caution and risk management that needs to be taken upon positioning.

Bias: Neutral/Bullish

Resistance: 119’285-120’01**, 120’09**, 120’15-120’17**, 120’24-120’28***

Support: 119’00-119’14****

 

For more information please contact DAW Trading at brokersedge@dawtradingdiv.com or at 877-329-0006 and visit us at https://dawtradingdiv.com/brokers-edge/

Disclaimer:

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. DAW Trading (“DAW”) uses various outside sources for research material regarding futures and options on futures trading therefore the views and opinions expressed in this letter may not necessarily reflect the view of DAW or its staff. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to DAW.

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