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

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: 109-18+ 50-day EMA  
  • RES 1: 108-24/109-06 High Jan 16 / High Dec 31 
  • PRICE:‌‌ 108-22+ @ 11:17 GMT Jan 17
  • SUP 1: 107-06   Low Jan 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  

The trend condition in Treasury futures remains bearish, however Wednesday’s gains and yesterday’s follow through, highlight a stronger short-term corrective cycle. The contract has traded through the 20-day EMA, at 108-17. This exposes 109-06, the Dec 31 high, and 109-18+, the 50-day EMA. A clear break of the 50-day average is required to strengthen a bullish theme. The bear trigger has been defined at 107-06, the Jan 13 low.

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  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 109-18+ 50-day EMA  
  • RES 1: 108-24/109-06 High Jan 16 / High Dec 31 
  • PRICE:‌‌ 108-22+ @ 11:17 GMT Jan 17
  • SUP 1: 107-06   Low Jan 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  

The trend condition in Treasury futures remains bearish, however Wednesday’s gains and yesterday’s follow through, highlight a stronger short-term corrective cycle. The contract has traded through the 20-day EMA, at 108-17. This exposes 109-06, the Dec 31 high, and 109-18+, the 50-day EMA. A clear break of the 50-day average is required to strengthen a bullish theme. The bear trigger has been defined at 107-06, the Jan 13 low.