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(H1)‌ Bulls Betrayed

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: 137-18+ @ 15:43 GMT Dec 1
  • SUP 1: 137-14+ Low Nov 16
  • SUP 2: 137-10+ 23.6% November Sell-off
  • SUP 3: 137-06+ Low Nov 12
  • SUP 4: 136-26+ Low Nov 11 and Key Support

After starting the session well, Treasuries fell sharply into the close, pulling well away from the bull trigger in the process. The move took out initial support at 137-23, opening 137-14+ initially and Fib support at 137-10+. To the upside, a break higher through 138-08 would signal scope for a stronger recovery and expose resistance at 138-12, Nov 9 high.

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