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(M4) Trades Through 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: 109-22+ 38.2% retracement of the Feb 1 - Apr 25 bear leg
  • RES 1: 109-09+ High May 3 and a key resistance
  • PRICE: 109-08 @ 11:18 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 have recovered from yesterday’s low and the contract is trading higher today. Price has moved through resistance at 108-27, the top of a bear channel drawn from the Feb 1 high. A clear break of 109-09+, the May 3 high, would reinforce the bullish importance of the channel break and signal scope for an extension higher near-term. This would open 109-22+, a Fibonacci retracement. Initial support is at 108-15, yesterday’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: 109-22+ 38.2% retracement of the Feb 1 - Apr 25 bear leg
  • RES 1: 109-09+ High May 3 and a key resistance
  • PRICE: 109-08 @ 11:18 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 have recovered from yesterday’s low and the contract is trading higher today. Price has moved through resistance at 108-27, the top of a bear channel drawn from the Feb 1 high. A clear break of 109-09+, the May 3 high, would reinforce the bullish importance of the channel break and signal scope for an extension higher near-term. This would open 109-22+, a Fibonacci retracement. Initial support is at 108-15, yesterday’s low.