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(M4) Bullish Outlook

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBond Market NewsBulletMarketsFixed Income Bullets
  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-31+ High May 16
  • PRICE: 109-17+ @ 16:37 BST May 16
  • SUP 1: 109-07/108-15 50-day EMA / Low May 14 and key support
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 107-04 Low Apr 25 and the bear trigger

Treasuries faded off highs Thursday, but are still holding on to a bulk of the week’s strong gains. The contract has moved through resistance at 108-25, the top of a bear channel drawn from the Feb 1 high. Note that, resistance at 109-09+, the May 3 high, has also been cleared, This reinforces the bullish importance of the channel break and signals scope for an extension higher near-term. Sights are on 110-00 next. Initial key support is at 108-15, Tuesday’s low.

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  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-31+ High May 16
  • PRICE: 109-17+ @ 16:37 BST May 16
  • SUP 1: 109-07/108-15 50-day EMA / Low May 14 and key support
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 107-04 Low Apr 25 and the bear trigger

Treasuries faded off highs Thursday, but are still holding on to a bulk of the week’s strong gains. The contract has moved through resistance at 108-25, the top of a bear channel drawn from the Feb 1 high. Note that, resistance at 109-09+, the May 3 high, has also been cleared, This reinforces the bullish importance of the channel break and signals scope for an extension higher near-term. Sights are on 110-00 next. Initial key support is at 108-15, Tuesday’s low.