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

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: 110-01+ 50-day EMA  
  • RES 1: 109-01+/06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 108-08 @ 11:18 GMT Jan 09
  • SUP 1: 107-28+ Low Jan 8  
  • SUP 2: 107-21+ Low May 29 ‘24 (cont)   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   Low Apr 25 ‘24 and a key support

The trend condition in Treasury futures is unchanged and remains bearish. This week’s fresh cycle low confirms a resumption of the downtrend. Price has traded through the 108-00 handle exposing 107-19+ next, a Fibonacci projection. Note too that moving average studies remain in a bear-mode position highlighting a dominant downtrend. Key short-term resistance is seen at 109-01+, 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: 110-01+ 50-day EMA  
  • RES 1: 109-01+/06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 108-08 @ 11:18 GMT Jan 09
  • SUP 1: 107-28+ Low Jan 8  
  • SUP 2: 107-21+ Low May 29 ‘24 (cont)   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   Low Apr 25 ‘24 and a key support

The trend condition in Treasury futures is unchanged and remains bearish. This week’s fresh cycle low confirms a resumption of the downtrend. Price has traded through the 108-00 handle exposing 107-19+ next, a Fibonacci projection. Note too that moving average studies remain in a bear-mode position highlighting a dominant downtrend. Key short-term resistance is seen at 109-01+, the 20-day EMA.