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‌‌(H1)‌‌ ‌Bullish Focus ‌

US 10YR FUTURE TECHS
  • RES 4: 139-19+ High Nov 6
  • RES 3: 138-12 High Nov 9
  • RES 2: 138-08 High Nov 20 / 30 and bull trigger
  • RES 1: 138-07 High Dec 11
  • PRICE: 137-27 @ 11:34 GMT Dec 17
  • SUP 1: 137-19+ Low Dec 16
  • SUP 2: 137-15 Low Dec 9
  • SUP 3: 137-07+ Low Dec 4 and the bear trigger
  • SUP 4: 137-05 76.4% retracement of the Nov 11 - 30 rally

Treasuries are broadly unchanged and despite trading lower this week, are still closer to recent highs. The focus is on last week's breach of 137-31+, Dec 8 high. The break improves the outlook for bulls and attention is on 138-08, Nov 20 / 30 high and a bull trigger. Clearance of this hurdle would represent an important break and highlight a reversal, signalling scope for a rally towards 138-12, Nov 9 high and beyond. A 137-15 breach is bearish.

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