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US 10YR FUTURE TECHS: (H5) Bearish Trend Condition

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 110-06+ 50-day EMA  
  • RES 1: 109-08   20-day EMA
  • PRICE:‌‌ 108-14 @ 11:05 GMT Jan 07
  • SUP 1: 108-06+  Low Dec 26
  • SUP 2: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   1.764 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures is unchanged and remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below 109-08, the 20-day EMA.

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  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 110-06+ 50-day EMA  
  • RES 1: 109-08   20-day EMA
  • PRICE:‌‌ 108-14 @ 11:05 GMT Jan 07
  • SUP 1: 108-06+  Low Dec 26
  • SUP 2: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   1.764 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures is unchanged and remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below 109-08, the 20-day EMA.