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(M4) Channel Resistance Remains Exposed

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-06 High Apr 4
  • RES 3: 109-22+ 38.2% retracement of the Feb 1 - Apr 25 bear leg
  • RES 2: 109-09+ High May 3
  • RES 1: 109-06+/08+ Channel top from Feb 1 high / 50-day EMA
  • PRICE: 108.29 @ 11:13 BST May 8
  • SUP 1: 108-15+ 20-day EMA
  • SUP 2: 107-04 Low Apr 25
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-09 Base of a bear channel drawn from the Feb 1 low

Treasuries maintain a firmer tone and are holding on to the bulk of their recent gains. The contract has recently breached the 20-day EMA and has tested resistance at 109-08+, the 50-day EMA. Price is also approaching a channel top drawn from the Feb 1 high, at 109-06+ too. Clearance of these two resistance points would strengthen a bullish condition. Initial support lies at 108-15+, the 20-day EMA.

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  • RES 4: 110-06 High Apr 4
  • RES 3: 109-22+ 38.2% retracement of the Feb 1 - Apr 25 bear leg
  • RES 2: 109-09+ High May 3
  • RES 1: 109-06+/08+ Channel top from Feb 1 high / 50-day EMA
  • PRICE: 108.29 @ 11:13 BST May 8
  • SUP 1: 108-15+ 20-day EMA
  • SUP 2: 107-04 Low Apr 25
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-09 Base of a bear channel drawn from the Feb 1 low

Treasuries maintain a firmer tone and are holding on to the bulk of their recent gains. The contract has recently breached the 20-day EMA and has tested resistance at 109-08+, the 50-day EMA. Price is also approaching a channel top drawn from the Feb 1 high, at 109-06+ too. Clearance of these two resistance points would strengthen a bullish condition. Initial support lies at 108-15+, the 20-day EMA.