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(H2)‌‌ Trend Condition Remains Bearish

US 10YR FUTURE TECHS
  • RES 4: 129-14 High Jan 5
  • RES 3: 128-26+ 50-day EMA
  • RES 2: 127-28/128-22+ 20-day EMA / High Jan 24
  • RES 1: 127-01/24 High Feb 7 / High Feb 4
  • PRICE: 126-23 @ 15:55 GMT Feb 9
  • SUP 1: 126-13+ Low Feb 08
  • SUP 2: 126-10+ 61.8% retracement of the 2018 - 2020 bull cycle
  • SUP 3: 126-01 1.50 proj of the Jan 13 - 19 - 24 price swing
  • SUP 4: 125-26+ 1.618 proj of the Jan 13 - 19 - 24 price swing

Treasuries remain bearish. The contract has traded to a fresh cycle low today but has recovered from the session low. Recent weakness has resulted in a break of 127-02, Jan 19 low and a bear trigger. The move lower also confirmed a resumption of the downtrend and cleared the base of a recent continuation pattern, reinforcing bearish conditions. Attention is on 126-10+, a Fibonacci retracement. Initial firm resistance is at 127-24.

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