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(H3)‌‌ Remains Above Support

US 10YR FUTURE TECHS
  • RES 4: 116-12 2.0% 10-dma envelope
  • RES 3: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 2: 115-14 50% Aug - Oct Downleg
  • RES 1: 115-06+ High Dec 7 and the bull trigger
  • PRICE: 114-10+ @ 10:51 GMT Dec 12
  • SUP 1: 113-21+/113-00 Low Dec 2 / 50-day EMA
  • SUP 2: 112-11+ Low Nov 21 and a key short-term support
  • SUP 3: 112-05+ Low Nov 14
  • SUP 4: 110-22 Low Nov 10

Treasury futures traded lower Friday but the contract is finding support today. Price remains below 115-06+, Dec 7 high and the next bull trigger. The outlook remains bullish following recent gains that have confirmed an extension of the trend sequence of higher highs and higher lows. A break higher would open 115-14, 50% of the Aug - Oct downleg on the continuation contract. Support to watch is at the 50-day EMA, at 113-00.

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