January 31, 2025 11:32 GMT
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.
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