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Key Support Exposed

US 10YR FUTURE TECHS

US 10yr Fut. (Z0) are vulnerable following sharp slide.

  • Treasuries sold off sharply Monday clearing a number of support levels along the way. The move through 139-00, Sep 4 low has strengthened the current bearish threat and signals scope for a deeper sell-off.
  • Key support levels to watch:
    • 138-18+ - Low Aug 28 and the next major support.
    • 138-04+ - 1.000 proj of Aug 4 - 28 sell-off from Sep 3 high.
  • US 5yr Fut. (Z0) key downside levels to watch:
    • 125-216 - Low Aug 28 and the major support.
    • 125-166 - 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high.
  • US 10yr Fut (Z0) key levels:
    • 173-16 - Low Aug 28 and the key support.
    • 172-13 - 0.764 proj of Aug 6 - 28 decline from Sep 3 high.

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