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(H4) Watching 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: 112-26+ High Jan 12
  • PRICE: 112-00 @ 16:44 GMT Jan 16
  • SUP 1: 111-06+ Low Jan 05
  • SUP 2: 111-01+ 50-day EMA
  • SUP 3: 110-16 Low Dec 13
  • SUP 4: 109-31+ Low Dec 11 and a key short-term support

Treasuries traded lower Tuesday, slipping on Waller headlines, however prices remain closer to recent highs. Support to watch lies at 111-06+, the Jan 5 low. The latest recovery suggests that the recent correction between Dec 27 - Jan 5, may be over. If correct, this signals scope for a move towards the key resistance and bull trigger at 113-12, the Dec 27 high. Clearance of this level would resume the uptrend and open 114-00. A breach of 111-06+ support would be bearish.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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