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(M4) Resistance At The 50-Day EMA Holds For Now

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 112-04+ High Mar 8 and bull trigger
  • RES 3: 111-24 High Mar 12
  • RES 2: 111-10+ High Mar 13
  • RES 1: 110-31/31+ 50-day EMA / High Mar 27
  • PRICE: 110-27 @ 16:26 GMT Mar 27
  • SUP 1: 110-08+/109-24+ Low Mar 21 / 18 and the bear trigger
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The recent move higher in Treasuries appears to be a correction. Key short-term resistance at the 50-day EMA, at 110-31, remains intact. A clear break of this hurdle is required to suggest scope for a stronger recovery. This would open 111-24, the Mar 12 high. Moving average studies remain in a bear-mode position and this continues to highlight a downtrend. The bear trigger is unchanged at 109-24+, Mar 18 low.

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  • RES 4: 112-04+ High Mar 8 and bull trigger
  • RES 3: 111-24 High Mar 12
  • RES 2: 111-10+ High Mar 13
  • RES 1: 110-31/31+ 50-day EMA / High Mar 27
  • PRICE: 110-27 @ 16:26 GMT Mar 27
  • SUP 1: 110-08+/109-24+ Low Mar 21 / 18 and the bear trigger
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The recent move higher in Treasuries appears to be a correction. Key short-term resistance at the 50-day EMA, at 110-31, remains intact. A clear break of this hurdle is required to suggest scope for a stronger recovery. This would open 111-24, the Mar 12 high. Moving average studies remain in a bear-mode position and this continues to highlight a downtrend. The bear trigger is unchanged at 109-24+, Mar 18 low.