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(H2)‌‌ Breaches Resistance

US 10YR FUTURE TECHS
  • RES 4: 132-16 High Sep 23
  • RES 3: 132-00 Round number resistance
  • RES 2: 131-21 High Sep 24
  • RES 1: 131-16 High Dec 3
  • PRICE: 130-30+ @ 15:59 GMT Dec 6
  • SUP 1: 130-07+ 20-day EMA
  • SUP 2: 128-30+ Low Nov 26
  • SUP 3: 128-22+ Low Nov 24 and key support
  • SUP 4: 128-00 Round number support

Treasuries traded higher Friday and closed above resistance levels at 131-05, Nov 5 / 9 high and 131-10, the Nov 30 high. The break of these levels marks a bullish development and signals scope for a stronger short-term bounce. The move has opened 131-21, the Sep 24 high and 132-00. Initial support to watch is the 20-day EMA at 130-07+. A break would undermine the short-term bullish theme and expose 128-22+.

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