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(M4) Bears Remain In The Driver’s Seat

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-06 High Apr 4 and the 50-day EMA
  • RES 3: 109-26+ High Apr 10
  • RES 2: 109-02/12 Low Apr 8 / 20-day EMA
  • RES 1: 108.25+ High Apr 12
  • PRICE: 107-26+ @ 11:16 BST Apr 17
  • 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

A bear cycle in Treasuries remains in play and this week’s move lower reinforces the current bear theme. The move down has resumed this year’s downtrend and in the process a number of short-term support points have been breached. Scope is seen for a move to 107.07+ next, a Fibonacci retracement. Initial resistance has been defined at 109-25+, the Apr 12 high. Key short-term resistance is 110-06, the Apr 4 high.

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  • RES 4: 110-06 High Apr 4 and the 50-day EMA
  • RES 3: 109-26+ High Apr 10
  • RES 2: 109-02/12 Low Apr 8 / 20-day EMA
  • RES 1: 108.25+ High Apr 12
  • PRICE: 107-26+ @ 11:16 BST Apr 17
  • 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

A bear cycle in Treasuries remains in play and this week’s move lower reinforces the current bear theme. The move down has resumed this year’s downtrend and in the process a number of short-term support points have been breached. Scope is seen for a move to 107.07+ next, a Fibonacci retracement. Initial resistance has been defined at 109-25+, the Apr 12 high. Key short-term resistance is 110-06, the Apr 4 high.