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(H2)‌‌ Trades Through Monday Lows

US 10YR FUTURE TECHS
  • RES 4: 132-16 High Sep 23
  • RES 3: 131-21 High Sep 24
  • RES 2: 131-19 High Dec 20 and key resistance
  • RES 1: 130-18+/28+ High Dec 31 / High Dec 22
  • PRICE: 129-10 @ 15:24 GMT Jan 4
  • SUP 1: 129-04 Low Jan 04
  • SUP 2: 128-30+ Low Nov 26
  • SUP 3: 128-22+ Low Nov 22 and key support
  • SUP 4: 128-00 Round number support

Treasuries traded at fresh lows Tuesday, underlining the vulnerability of the contract in early 2022. Treasuries remain fragile following yesterday's sell-off that resulted in a break of support at 129-31, Dec 8 low. The move lower has strengthened the current bearish cycle and has opened 128-30+, Nov 26 low ahead of the major support at 128-22+, the Nov 24 low and the bear trigger. Initial resistance is seen at 130-18+, the Dec 31 high. A break of this level would ease bearish pressure.

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