January 30, 2023 11:27 GMT
(H3) Support Remains Exposed
US 10YR FUTURE TECHS
- 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 Jan 25
- PRICE: 114-13 @ 11:12 GMT Jan 30
- SUP 1: 114-12 Low Jan 27
- SUP 2: 114-09+ Low Jan 17 and a key support
- SUP 3: 113-31+ 50-day EMA
- SUP 4: 113-17+ 61.8% retracement of the Dec 30 - Jan 19 bull leg
Treasury futures are trading at their recent lows. Attention is on
support at 114-09+, the Jan 17 low. A break of this level would undermine the recent bull theme and signal scope for a deeper retracement. This would expose the 50-day EMA, at 113-31+. The average represents an important short-term support. On the upside a key S/T resistance has been defined at 115-13, the Jan 25 high. A break would ease any developing bearish threat.
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