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(H1)‌‌ Key Resistance Still Intact ‌ ‌

US 10YR FUTURE TECHS
  • RES 4: 138-30 High Nov 5 and a key resistance
  • RES 3: 138-19+ High Nov 6
  • RES 2: 138-12 High Nov 9
  • RES 1: 138-08 High Nov 20 / 30, Dec 21 and a bull trigger
  • PRICE: 137-29+ @ 11:09 GMT Dec 23
  • SUP 1: 137-19+ Low Dec 16 and key near-term support
  • SUP 2: 137-15 Low Dec 9
  • SUP 3: 137-07+ Low Dec 4 and a bear trigger
  • SUP 4: 137-05 76.4% retracement of the Nov 11 - 30 rally

Treasuries found resistance again Monday at 138-08, reinforcing the importance of this level as a key hurdle for bulls. The recent break of 137-31+, Dec 8 high suggests an improved outlook for bulls. A breach of 138-08, Nov 20 / 30 and Dec 21 high, would represent an important technical break and highlight a reversal. This would open 138-12, Nov 9 high and beyond. Initial firm support lies at 137-19+.

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