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(H4) Bull Cycle Extends

US 10YR FUTURE TECHS
  • RES 4: 111-19 1.236 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 111-00 Round number resistance
  • RES 2: 110-25 1.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 1: 110-15+ High Nov 29
  • PRICE: 110-07+ @ 16:32 GMT Nov 29
  • SUP 1: 109-05+ Low Nov 28
  • SUP 2: 108-18+ Low Nov 27 and a key short-term support
  • SUP 3: 107-22 Low Nov 14
  • SUP 4: 107-11+ Low Nov 13 and a reversal trigger

Treasuries traded higher again Wednesday, reinforcing the current bullish theme. The break marks an extension of the price sequence of higher highs and higher lows and note that moving average studies appear to be crossing, to highlight a bull-mode position. If confirmed this would reinforce current conditions. The focus is on 110-25, a Fibonacci projection. Initial key support has been defined at 108-18+, the Nov 27 low.

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