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

US 10YR FUTURE TECHS
  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 109-24+ 50-day EMA  
  • RES 1: 108-21+/109-06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 107-10+ @ 11:22 GMT Jan 14
  • SUP 1: 107-06   Low Jan 13   
  • 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 trend condition in Treasury futures is unchanged and remains bearish. Monday’s bearish start to the week, has once again, confirmed a resumption of the downtrend. Sights are on 107-04 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 108-21+, 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: 109-24+ 50-day EMA  
  • RES 1: 108-21+/109-06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 107-10+ @ 11:22 GMT Jan 14
  • SUP 1: 107-06   Low Jan 13   
  • 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 trend condition in Treasury futures is unchanged and remains bearish. Monday’s bearish start to the week, has once again, confirmed a resumption of the downtrend. Sights are on 107-04 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 108-21+, the 20-day EMA.