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(H3)‌‌ Support At The 50-Day EMA Exposed

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 117-00 High Sep 8 2022
  • RES 3: 116-08 High Jan 19 and the bull trigger
  • RES 2: 115-21 High Jan 20
  • RES 1: 114-28/115-13 High Jan 27 / High
  • PRICE: 114-12+ @ 11:31 GMT Jan 31
  • SUP 1: 114-05+ Low Jan 30
  • SUP 2: 114-00 50-day EMA
  • SUP 3: 113-17+ 61.8% retracement of the Dec 30 - Jan 19 bull leg
  • SUP 4: 112-29 76.4% retracement of the Dec 30 - Jan 19 bull leg

Treasury futures traded to new lows Monday, taking out key support at the Jan 17 low of 114-09+. The break of this level undermines the recent bull theme and signals scope for a deeper retracement. Next support undercuts at the 50-day EMA, at 114-00. The average represents a key support. On the upside a key short-term resistance is at 115-13, the Jan 25 high. A break would ease any developing bearish threat.

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  • RES 4: 117-00 High Sep 8 2022
  • RES 3: 116-08 High Jan 19 and the bull trigger
  • RES 2: 115-21 High Jan 20
  • RES 1: 114-28/115-13 High Jan 27 / High
  • PRICE: 114-12+ @ 11:31 GMT Jan 31
  • SUP 1: 114-05+ Low Jan 30
  • SUP 2: 114-00 50-day EMA
  • SUP 3: 113-17+ 61.8% retracement of the Dec 30 - Jan 19 bull leg
  • SUP 4: 112-29 76.4% retracement of the Dec 30 - Jan 19 bull leg

Treasury futures traded to new lows Monday, taking out key support at the Jan 17 low of 114-09+. The break of this level undermines the recent bull theme and signals scope for a deeper retracement. Next support undercuts at the 50-day EMA, at 114-00. The average represents a key support. On the upside a key short-term resistance is at 115-13, the Jan 25 high. A break would ease any developing bearish threat.