Free Trial

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

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: 109-11/13 50-day EMA / High Jan 30 
  • PRICE:‌‌ 109-03 @ 16:38 GMT Jan 30
  • SUP 1: 108-23 20-day EMA    
  • SUP 2: 108-06/107-06 Low Jan 23 / 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 are unchanged. A bullish corrective cycle remains intact and the contract is holding on to its recent gains. 109-11, the 50-day EMA, remains exposed. It has been pierced, a clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial firm support has been defined at 108-06, the Jan 23 low.

157 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • 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: 109-11/13 50-day EMA / High Jan 30 
  • PRICE:‌‌ 109-03 @ 16:38 GMT Jan 30
  • SUP 1: 108-23 20-day EMA    
  • SUP 2: 108-06/107-06 Low Jan 23 / 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 are unchanged. A bullish corrective cycle remains intact and the contract is holding on to its recent gains. 109-11, the 50-day EMA, remains exposed. It has been pierced, a clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial firm support has been defined at 108-06, the Jan 23 low.