January 24, 2023 16:05 GMT
(H3) Pullback Extends Into 4th Session
US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsBond Market News
- 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: 114-29+ @ 16:03 GMT Jan 24
- SUP 1: 114-14 Low Jan 24
- 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 well below last week’s high of 116-08 on Jan 19. The move lower is considered corrective and trend conditions remain bullish over the medium-term. 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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