February 09, 2024 14:38 GMT
(H4) Has Traded Through Key Support
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: 111-16/113-06+ 20-day EMA / High Feb 1
- PRICE: 110-18 @ 14:26 GMT Feb 9
- SUP 1: 110-16 Low Dec 13 and intraday low
- 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 the contract is trading lower today. 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 111-16, the 20-day EMA.
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