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(M4) Bearish Trend Structure

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 109-31 50-day EMA
  • RES 3: 109-26+ High Apr 10
  • RES 2: 108-31+ 20-day EMA
  • RES 1: 108-22+ High Apr 19
  • PRICE: 107-20 @ 11:00 BST Apr 22
  • SUP 1: 107-13+ Low Apr 16
  • SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend outlook in Treasuries is unchanged and a bear cycle remains in play. Last week’s move lower reinforces the current bear theme and the move down has resumed this year’s bear trend and in the process, cleared a number of short-term support points. Moving average studies remain in a bear-mode set-up too, reinforcing current conditions. Sights are on 107.07+ next, a Fibonacci retracement. Firm resistance is 108-31+, the 20-day EMA.

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  • RES 4: 109-31 50-day EMA
  • RES 3: 109-26+ High Apr 10
  • RES 2: 108-31+ 20-day EMA
  • RES 1: 108-22+ High Apr 19
  • PRICE: 107-20 @ 11:00 BST Apr 22
  • SUP 1: 107-13+ Low Apr 16
  • SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend outlook in Treasuries is unchanged and a bear cycle remains in play. Last week’s move lower reinforces the current bear theme and the move down has resumed this year’s bear trend and in the process, cleared a number of short-term support points. Moving average studies remain in a bear-mode set-up too, reinforcing current conditions. Sights are on 107.07+ next, a Fibonacci retracement. Firm resistance is 108-31+, the 20-day EMA.