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‌‌(H3)‌‌ Building On Recent Gains

US 10YR FUTURE TECHS
  • RES 4: 115-11+ High Dec13 and bull trigger
  • RES 3: 115-05 2.0% 10-dma envelope
  • RES 2: 114-17 76.4% retracement of the Dec 13 - 30 bear leg
  • RES 1: 114-12 High Jan 9
  • PRICE: 114-08 @ 15:14 GMT Jan 9
  • SUP 1: 113-09+ 50-day EMA
  • SUP 2: 112-18+/111-28 ow Jan 5 / Low Dec 30
  • SUP 3: 111-27+ 61.8% retracement of the Nov 3 - Dec 13 rally
  • SUP 4: 111-01 76.4% retracement of the Nov 3 - Dec 13 rally

Treasury futures traded sharply higher Friday. The contract has cleared resistance at the late December highs as well as the 100-dma to strengthen the short-term bullish condition. The focus is on 114-17, a Fibonacci retracement point. On the downside, initial support lies at 113-09+, the 50-day EMA. A move below this level would expose support at 112-18+, Jan 5 low and the bear trigger at 111-28, the Dec 30 low.

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