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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: 111-10+ @ 16:36 GMT Jan 18
  • SUP 1: 111-06+ Low Jan 05
  • SUP 2: 111-02+ 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 again Thursday. Initial resistance has been defined at 112-26+, the Jan 12 high. The trend outlook remains bullish and a breach of 112-26+ would reinforce this condition and signal scope for a test of 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. On the downside, a breach of 111-06+ support, the Jan 5 low, would be bearish.

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