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US 10YR FUTURE TECHS: (H5) Bull Cycle Remains In Play

US 10YR FUTURE TECHS
  • RES 4: 110-25   High Dec 12
  • RES 3: 110-19   76.4% retracement of the Dec 6  - Jan 13 bear leg.    
  • RES 2: 109-31   High Dec 18  
  • RES 1: 109-11+/12 50-day EMA / High Jan 27 
  • PRICE:‌‌ 109-08+ @ 11:14 GMT Jan 30
  • 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  

A bullish corrective cycle in Treasury futures remains intact  and the contract is holding on to its recent gains. 109-11+, the 50-day EMA, remains exposed. A clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial support has been defined at 108-00, the Jan 16 low.

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  • RES 4: 110-25   High Dec 12
  • RES 3: 110-19   76.4% retracement of the Dec 6  - Jan 13 bear leg.    
  • RES 2: 109-31   High Dec 18  
  • RES 1: 109-11+/12 50-day EMA / High Jan 27 
  • PRICE:‌‌ 109-08+ @ 11:14 GMT Jan 30
  • 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  

A bullish corrective cycle in Treasury futures remains intact  and the contract is holding on to its recent gains. 109-11+, the 50-day EMA, remains exposed. A clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial support has been defined at 108-00, the Jan 16 low.