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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: 111-09+/111-20+ 50-day EMA / High 6 and the bull trigger
  • PRICE:‌‌ 109-31 @ 16:42 GMT Dec 13
  • SUP 1: 109-30+ Low Dec 13         
  • SUP 2: 109-22   76.4% Nov 15 - Dec 6 Upleg
  • SUP 3: 109-20   Low Nov 20/21    
  • SUP 4: 109-02+ Low Nov 15 and the bear trigger

The pullback in Treasury futures picked up pace into the Friday close, with first support at 110-02 giving way before the London close. A bull phase remains in play, however, a corrective cycle has resulted in a pullback from recent highs. An extension lower 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 is required to 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: 111-09+/111-20+ 50-day EMA / High 6 and the bull trigger
  • PRICE:‌‌ 109-31 @ 16:42 GMT Dec 13
  • SUP 1: 109-30+ Low Dec 13         
  • SUP 2: 109-22   76.4% Nov 15 - Dec 6 Upleg
  • SUP 3: 109-20   Low Nov 20/21    
  • SUP 4: 109-02+ Low Nov 15 and the bear trigger

The pullback in Treasury futures picked up pace into the Friday close, with first support at 110-02 giving way before the London close. A bull phase remains in play, however, a corrective cycle has resulted in a pullback from recent highs. An extension lower 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 is required to resume the recent bull cycle.