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US 10YR FUTURE TECHS: (H5) Monitoring Resistance At The 50-Day EMA

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: 109-12+ 50-day EMA 
  • PRICE:‌‌ 108-29+ @ 10:35 GMT Jan 28
  • 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  

The medium-term trend condition in Treasury futures is down, however a bullish short-term cycle highlights a corrective phase and the contract is holding on to its recent gains. Attention is on 109-12+, the 50-day EMA - a level tested on Monday. A clear break of this EMA would strengthen a bullish theme and open 109-31, the Dec 18 high. 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: 109-12+ 50-day EMA 
  • PRICE:‌‌ 108-29+ @ 10:35 GMT Jan 28
  • 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  

The medium-term trend condition in Treasury futures is down, however a bullish short-term cycle highlights a corrective phase and the contract is holding on to its recent gains. Attention is on 109-12+, the 50-day EMA - a level tested on Monday. A clear break of this EMA would strengthen a bullish theme and open 109-31, the Dec 18 high. The bear trigger is 107-06, the Jan 13 low. Initial support has been defined at 108-00, the Jan 16 low.