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(M4) Resistance At The 50-Day EMA Remains Intact

US 10YR FUTURE TECHS
  • RES 4: 111-24+ High Feb 13
  • RES 3: 111-11+ 38.2% retracement of the Feb 1 - 23 bear leg
  • RES 2: 111-06+ 50-day EMA
  • RES 1: 111-02 High Feb 1
  • PRICE: 110-27+ @ 11:23 GMT Mar 4
  • SUP 1: 110-05+/109-25+ Low Mar 1 / Low Feb 23
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 108-19+ 61.8% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend direction in Treasuries is unchanged and remains down. Last week’s gains are - for now - considered corrective. The 20-day EMA has been breached, however, resistance at the 50-day EMA at 111-06+, remains intact. A clear break of this EMA is required to signal a possible reversal. On the downside, the bear trigger has been defined at 109-25+, the Feb 23 low. A breach would resume the downtrend and open 109-14+, the Nov 28 low.

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  • RES 4: 111-24+ High Feb 13
  • RES 3: 111-11+ 38.2% retracement of the Feb 1 - 23 bear leg
  • RES 2: 111-06+ 50-day EMA
  • RES 1: 111-02 High Feb 1
  • PRICE: 110-27+ @ 11:23 GMT Mar 4
  • SUP 1: 110-05+/109-25+ Low Mar 1 / Low Feb 23
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 108-19+ 61.8% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend direction in Treasuries is unchanged and remains down. Last week’s gains are - for now - considered corrective. The 20-day EMA has been breached, however, resistance at the 50-day EMA at 111-06+, remains intact. A clear break of this EMA is required to signal a possible reversal. On the downside, the bear trigger has been defined at 109-25+, the Feb 23 low. A breach would resume the downtrend and open 109-14+, the Nov 28 low.