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US 10YR FUTURE TECHS: (H5) Clears The 50-Day EMA

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-18   50.0% retracement of the Sep 11 - Nov 15 bear leg 
  • RES 3: 112-02   Low Oct 14  
  • RES 2: 111-24   38.2% retracement of the Sep 11 - Nov 15 bear leg  
  • RES 1: 111-20+ Intraday high 
  • PRICE:‌‌ 111-10+ @ 16:25 GMT Dec 6
  • SUP 1: 110-18   Low Dec 4       
  • SUP 2: 110-01/109-20 Low Nov 25 / Low Nov 20/21 
  • SUP 3: 109-02+ Low Nov 15 and the bear trigger    
  • SUP 4: 108-28   1.236 proj of the Oct 1 - 14 - 16 price swing

A bull cycle in Treasuries remains in play and Friday’s gains reinforce current bullish conditions. The contract has traded through resistance at the 50-day EMA, at 111-12. A clear break of this average would strengthen a bullish theme and signal scope for a stronger recovery. Sights are on 111-24 next, a Fibonacci retracement. For bears, a reversal lower would highlight the end of the bull cycle and open the key support at 109-02+, the Nov 15 low.    

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  • RES 4: 112-18   50.0% retracement of the Sep 11 - Nov 15 bear leg 
  • RES 3: 112-02   Low Oct 14  
  • RES 2: 111-24   38.2% retracement of the Sep 11 - Nov 15 bear leg  
  • RES 1: 111-20+ Intraday high 
  • PRICE:‌‌ 111-10+ @ 16:25 GMT Dec 6
  • SUP 1: 110-18   Low Dec 4       
  • SUP 2: 110-01/109-20 Low Nov 25 / Low Nov 20/21 
  • SUP 3: 109-02+ Low Nov 15 and the bear trigger    
  • SUP 4: 108-28   1.236 proj of the Oct 1 - 14 - 16 price swing

A bull cycle in Treasuries remains in play and Friday’s gains reinforce current bullish conditions. The contract has traded through resistance at the 50-day EMA, at 111-12. A clear break of this average would strengthen a bullish theme and signal scope for a stronger recovery. Sights are on 111-24 next, a Fibonacci retracement. For bears, a reversal lower would highlight the end of the bull cycle and open the key support at 109-02+, the Nov 15 low.