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(H1)‌‌ ‌Eyeing Resistance ‌ ‌

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: 138-00+ @ 11:31 GMT Dec 15
  • SUP 1: 137-27 20-day EMA and recent low
  • 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 consolidating near recent highs following Friday's breach of 137-31+, Dec 8 high. The break has improved the outlook for bulls and attention is on resistance at 138-08, Nov 20 / 30 high and a bull trigger. Clearance of this hurdle would represent an important technical breach and highlight a bullish reversal, signalling scope for a rally towards 138-12, Nov 9 high and beyond. Sub 137-15 levels would reinstate a bearish threat.

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