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(H4) Bull Cycle Remains In Play

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: 109-28 @ 11:46 GMT Dec 1
  • 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 remain below this week’s high and the recent pullback is considered corrective. The move higher this week marks an extension of the positive 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 is at 108-18+, the Nov 27 low

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