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US 10YR FUTURE TECHS: (H5) Trend Needle Points South

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-02   Low Oct 14
  • RES 3: 111-20+ High 6 and the bull trigger   
  • RES 2: 110-28   50-day EMA  
  • RES 1: 110-03+ 20-day EMA
  • PRICE:‌‌ 108-23 @ 11:59 GMT Dec 24
  • SUP 1: 108-13+ Low Dec 24
  • SUP 2: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing
  • SUP 3: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 4: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures remains bearish, confirmed by the return lower on December 24th. For now, short-term gains are considered corrective. Last week’s sell-off reinforces the current bear cycle. The contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108+12+, a Fibonacci projection. On the upside, initial firm resistance is at 110-03+, the 20-day EMA.       

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  • RES 4: 112-02   Low Oct 14
  • RES 3: 111-20+ High 6 and the bull trigger   
  • RES 2: 110-28   50-day EMA  
  • RES 1: 110-03+ 20-day EMA
  • PRICE:‌‌ 108-23 @ 11:59 GMT Dec 24
  • SUP 1: 108-13+ Low Dec 24
  • SUP 2: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing
  • SUP 3: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 4: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures remains bearish, confirmed by the return lower on December 24th. For now, short-term gains are considered corrective. Last week’s sell-off reinforces the current bear cycle. The contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108+12+, a Fibonacci projection. On the upside, initial firm resistance is at 110-03+, the 20-day EMA.