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(H3)‌‌ Trend Needle Points South

US 10YR FUTURE TECHS

RES 4: 113-26 High Feb 9

  • RES 3: 113-09 50-day EMA
  • RES 2: 112-19+ 20-day EMA
  • RES 1: 111-19 High Feb 24
  • PRICE: 110-28+ @ 12:04 GMT Feb 27
  • SUP 1: 110-21 Low Feb 24
  • SUP 2: 110-07 Lower 2.0% Bollinger Band
  • SUP 3: 110-00 Round number support
  • SUP 4: 109-22/19 Low Nov 3 / 2.0% 10-dma envelope

Treasury futures remain in a clear downtrend and price is trading at its recent lows. Last week’s extension lower maintains the current bearish sequence of lower lows and lower highs. Potential is seen for a move towards the 110.00 handle and support at 109-22, the Nov 3 low. Moving average studies are in a bear mode position, highlighting current market sentiment. Initial resistance is seen at 111-19, the Feb 24 high.

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