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(M4) Clears Channel Resistance

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed 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: 109-26+ High May 15
  • PRICE: 109-20 @ 16:48 BST May 15
  • SUP 1: 108-15 Low May 14
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 1074-04 Low Apr 25 and a key support

Treasuries recovered well off Tuesday’s low and traded higher again Wednesday. Price has moved through resistance at 108-27, 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 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: 109-26+ High May 15
  • PRICE: 109-20 @ 16:48 BST May 15
  • SUP 1: 108-15 Low May 14
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 1074-04 Low Apr 25 and a key support

Treasuries recovered well off Tuesday’s low and traded higher again Wednesday. Price has moved through resistance at 108-27, 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 support is at 108-15, Tuesday’s low.