April 18, 2024 16:34 GMT
(M4) Trend Needle Points South
US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
- RES 4: 110-03+ 50-day EMA
- RES 3: 109-26+ High Apr 10
- RES 2: 109-02/08 Low Apr 8 / 20-day EMA
- RES 1: 108-25+ High Apr 12
- PRICE: 107-24 @ 17:24 BST Apr 18
- SUP 1: 107-13+ Low Apr 16
- SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
- SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
- SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing
A bear cycle in Treasuries remains in play and short-term gains are considered corrective. This week’s move lower reinforces the current bear theme and the move down has resumed this year’s downtrend and in the process, cleared a number of short-term support points. Scope is seen for a move to 107.07+ next, a Fibonacci retracement. Initial firm resistance is seen at 109-08, the 20-day EMA.
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