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US 10YR FUTURE TECHS: (H5) Trend Structure Remains Bearish

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 109-21+ 50-day EMA  
  • RES 1: 108-17+/109-06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 107-15 @ 11:03 GMT Jan 15
  • SUP 1: 107-06   Low Jan 13   
  • SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
  • SUP 3: 107-00   Round number support
  • SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The trend condition in Treasury futures is unchanged and the needle points south. Monday’s bearish start to the week confirms a resumption of the downtrend. Sights are on 107-04 next, the Apr 25 ‘24 low (cont) and key support. Note too that Moving average studies remain in a bear-mode position highlighting a dominant downtrend. Key short-term resistance is seen at 108-17+, the 20-day EMA. Gains would be considered corrective.

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  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 109-21+ 50-day EMA  
  • RES 1: 108-17+/109-06 20-day EMA / High Dec 31 
  • PRICE:‌‌ 107-15 @ 11:03 GMT Jan 15
  • SUP 1: 107-06   Low Jan 13   
  • SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
  • SUP 3: 107-00   Round number support
  • SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The trend condition in Treasury futures is unchanged and the needle points south. Monday’s bearish start to the week confirms a resumption of the downtrend. Sights are on 107-04 next, the Apr 25 ‘24 low (cont) and key support. Note too that Moving average studies remain in a bear-mode position highlighting a dominant downtrend. Key short-term resistance is seen at 108-17+, the 20-day EMA. Gains would be considered corrective.