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‌(H1)‌ Attention Is On Key Resistance

US 10YR FUTURE TECHS
  • RES 4: 138-30 High Nov 5 and a reversal trigger
  • RES 3: 139-19+ High Nov 6
  • RES 2: 138-12 High Nov 9
  • RES 1: 138-08 High Nov 20 / 30 and bull trigger
  • PRICE: 138-02+ @ 11:50 GMT Dec 1
  • SUP 1: 137-23 Low Nov 25 and key near-term support
  • SUP 2: 137-18 Low Nov 17
  • SUP 3: 137-14+ Low Nov 16
  • SUP 4: 137-06+ Low Nov 12

Treasuries tested resistance at 138-08 Monday, Nov 20 high and the near-term bull trigger. A break higher would signal scope for a stronger recovery and expose resistance at 138-12, Nov 9 high. Recent gains continue to be viewed as a likely correction of the sharp sell-off between Nov 5 - 11. Initial support lies at 137-23, Nov 23 low where a break is needed to signal a top and open 137-14+ initially.

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