January 14, 2025 11:34 GMT
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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