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US 10YR FUTURE TECHS: (H5) Pullback Extends

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-18   50.0% retrace of the Sep 11 - Nov 15 bear leg 
  • RES 3: 112-02   Low Oct 14  
  • RES 2: 111-24   38.2% retrace of the Sep 11 - Nov 15 bear leg  
  • RES 1: 111-07/111-20+ 20-day EMA / High 6 and the bull trigger
  • PRICE:‌‌ 110-12+ @ 19:39 GMT Dec 12
  • SUP 1: 110-10+ Intraday low         
  • SUP 2: 110-02   61.8% retrace of the Nov 15 - Dec 6 bull cycle 
  • SUP 3: 109-20   Low Nov 20/21    
  • SUP 4: 109-02+ Low Nov 15 and the bear trigger

A bull phase in Treasuries remains in play, however, a corrective cycle has resulted in a pullback from recent highs. The contract has again traded lower today. An extension would open 110-02, a Fibonacci retracement point. A breach of 110-02 would strengthen a bearish theme. For bulls, a reversal higher would refocus attention on key resistance at 111-20+, the Dec 6 high. Clearance of this level would resume the recent bull cycle.

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  • RES 4: 112-18   50.0% retrace of the Sep 11 - Nov 15 bear leg 
  • RES 3: 112-02   Low Oct 14  
  • RES 2: 111-24   38.2% retrace of the Sep 11 - Nov 15 bear leg  
  • RES 1: 111-07/111-20+ 20-day EMA / High 6 and the bull trigger
  • PRICE:‌‌ 110-12+ @ 19:39 GMT Dec 12
  • SUP 1: 110-10+ Intraday low         
  • SUP 2: 110-02   61.8% retrace of the Nov 15 - Dec 6 bull cycle 
  • SUP 3: 109-20   Low Nov 20/21    
  • SUP 4: 109-02+ Low Nov 15 and the bear trigger

A bull phase in Treasuries remains in play, however, a corrective cycle has resulted in a pullback from recent highs. The contract has again traded lower today. An extension would open 110-02, a Fibonacci retracement point. A breach of 110-02 would strengthen a bearish theme. For bulls, a reversal higher would refocus attention on key resistance at 111-20+, the Dec 6 high. Clearance of this level would resume the recent bull cycle.