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US 10YR FUTURE TECHS: (H5) Maintains A Softer Tone

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • 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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  • 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.