January 24, 2023 11:27 GMT
(H3) 3-Day Pullback Considered Corrective
US 10YR FUTURE TECHS
- RES 4: 117-17+ 1.00 proj of the Nov 3 - Dec 13 - Dec 30 price swing
- RES 3: 117-06+ 2.0% 10-dma env
- RES 2: 117-00 High Sep 8 2022
- RES 1: 116-08 High Jan 19 and the bull trigger
- PRICE: 114-27+ @ 11:14 GMT Jan 24
- SUP 1: 114-16 Low Jan 18
- SUP 2: 114-11+ 20-day EMA
- SUP 3: 114-09+ Low Jan 17 and a key support
- SUP 4: 113-26+ Low Jan 10
Treasury futures remain below last week’s high of 116-08 on Jan 19. The move lower is considered corrective and trend conditions remain bullish. Last week’s bullish extension maintains the positive price sequence of higher highs and higher lows. On the continuation chart, the 200-dma has recently been pierced. A clear break of it would reinforce current conditions. The focus is on 117-05. Key support to watch is 114-09+, Jan 17 low.
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