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(H4) Bear Threat Remains Present

US 10YR FUTURE TECHS
  • RES 4: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 114-00 Round number resistance
  • RES 2: 113-12 High Dec 27 and the bull trigger
  • RES 1: 111-13/113-06+ 20-day EMA / High Feb 1
  • PRICE: 110-24+ @ 11:15 GMT Feb 12
  • SUP 1: 110-16 Low Dec 13 and Low Feb 9
  • SUP 2: 109-31+ Low Dec 11
  • SUP 3: 109-17 50.0% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-05+ Low Nov 28

A bear threat in Treasuries remains present and Friday’s move lower reinforces this condition. The bear trigger at 110-26, the Jan 19 low, has been breached. A clear break would highlight a stronger reversal and open 110-16, the Dec 13 low (tested), ahead of 109-31+, Dec 11 low. Initial key resistance has been defined at 113-06+, Feb 1 high, where a breach would reinstate a bullish theme. First resistance is at 111-13, the 20-day EMA.

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  • RES 4: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 114-00 Round number resistance
  • RES 2: 113-12 High Dec 27 and the bull trigger
  • RES 1: 111-13/113-06+ 20-day EMA / High Feb 1
  • PRICE: 110-24+ @ 11:15 GMT Feb 12
  • SUP 1: 110-16 Low Dec 13 and Low Feb 9
  • SUP 2: 109-31+ Low Dec 11
  • SUP 3: 109-17 50.0% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-05+ Low Nov 28

A bear threat in Treasuries remains present and Friday’s move lower reinforces this condition. The bear trigger at 110-26, the Jan 19 low, has been breached. A clear break would highlight a stronger reversal and open 110-16, the Dec 13 low (tested), ahead of 109-31+, Dec 11 low. Initial key resistance has been defined at 113-06+, Feb 1 high, where a breach would reinstate a bullish theme. First resistance is at 111-13, the 20-day EMA.