February 13, 2025 11:45 GMT
US 10YR FUTURE TECHS: (H5) Maintains A Softer Tone
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: 110-14 High Dec 14
- RES 1: 109-08+/110-00 50-day EMA / High Feb 7 and the bull trigger
- PRICE: 108-14+ @ 11:34 GMT Feb 13
- SUP 1: 108-00 Low Jan 16
- SUP 2: 107-06 Low Jan 13 and the bear trigger
- SUP 3: 107-04 Low Apr 25 ‘24 and a key support
- SUP 4: 106-11 2.00 proj of the Oct 1 - 14 - 16 price swing
Treasury futures remain soft. The contract traded sharply lower on Wednesday’s CPI print, resulting in a break of 108-20+, the Feb 4 low. The breach highlights a stronger reversal and most likely the end of the corrective cycle between Jan 13 - Feb 7. A continuation lower would open 108-00, the Jan 16 low, and expose 107-06, the Jan 13 low and bear trigger. Key resistance and the bull trigger has been defined at 110-00, Feb 7 high.
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