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‌‌(H3)‌‌ Near-Term Weakness Persists Post-PCE

US 10YR FUTURE TECHS
  • RES 4: 115-22+ High Feb 3
  • RES 3: 115-00 Round number resistance
  • RES 2: 113-09 50-day EMA
  • RES 1: 112-19 20-day EMA
  • PRICE: 110-28 @ 15:34 GMT Feb 24
  • SUP 1: 110-21 Low Feb 24
  • SUP 2: 110-07 Lower 2.0% Bollinger Band
  • SUP 3: 109-24+ 2.0% 10-dma envelope
  • SUP 4: 109-22 Low Nov 3

Near-term weakness extended across Treasury futures this week, putting prices at new pullback lows of 110-21. The price action opens medium-term losses toward levels not seen since November. The strengthening bearish theme exposes 109-22, the Nov 3 low. Key short-term resistance is seen at the 50-day EMA which intersects at 113-09. A break of this EMA would ease bearish pressure.

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