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(H4) Trend Structure Remains Bullish

US 10YR FUTURE TECHS
  • RES 4: 115-00+ 2.236 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 2: 114-00 Round number resistance
  • RES 1: 113-12+ 1.764 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • PRICE: 112-27+ @ 18:39 GMT Dec 28
  • SUP 1: 111-31+/111-20 Low Dec 14 / 20-day EMA
  • SUP 2: 111-09+ High Dec 7
  • SUP 3: 109-31+Low Dec 11 and key short-term support
  • SUP 4: 110-12 50-day EMA

Treasuries maintain a firmer tone and the contract traded higher Wednesday. Recently, resistance at 111-09+, the Dec 7 high, was cleared. This confirmed a resumption of the uptrend and an extension of the price sequence of higher highs and higher lows. Sights are on 113-12+, a Fibonacci projection point. Key short-term support is at 109-31+, the Dec 11 low. Initial firm support is at 111-09+, the Dec 7 high.

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