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US 10YR FUTURE TECHS: (H5) Bear Threat Remains Present

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 110-25   High Dec 12
  • RES 3: 109-31   High Dec 18   
  • RES 2: 109-15   50-day EMA  
  • RES 1: 109-04/109-06 High Jan 21 / High Dec 31 
  • PRICE:‌‌ 108-12 @ 10:55 GMT Jan 23
  • SUP 1: 108-00/107-06 Low Jan 16 / 13 and the bear trigger    
  • SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
  • SUP 3: 107-00   Round number support
  • SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The medium-term trend condition in Treasury futures is unchanged and remains bearish. The recovery that started Jan 13, appears to be a correction. The contract has traded through the 20-day EMA, at 108-17+. This exposes 109-06, the Dec 31 high, and 109-15, the 50-day EMA. A clear break of the 50-day average is required to strengthen a bullish theme. The bear trigger is unchanged at 107-06, the Jan 13 low.

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  • RES 4: 110-25   High Dec 12
  • RES 3: 109-31   High Dec 18   
  • RES 2: 109-15   50-day EMA  
  • RES 1: 109-04/109-06 High Jan 21 / High Dec 31 
  • PRICE:‌‌ 108-12 @ 10:55 GMT Jan 23
  • SUP 1: 108-00/107-06 Low Jan 16 / 13 and the bear trigger    
  • SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
  • SUP 3: 107-00   Round number support
  • SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The medium-term trend condition in Treasury futures is unchanged and remains bearish. The recovery that started Jan 13, appears to be a correction. The contract has traded through the 20-day EMA, at 108-17+. This exposes 109-06, the Dec 31 high, and 109-15, the 50-day EMA. A clear break of the 50-day average is required to strengthen a bullish theme. The bear trigger is unchanged at 107-06, the Jan 13 low.