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(M4) Trend Needle Points South

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-06 High Apr 4
  • RES 3: 109-26+ High Apr 10
  • RES 2: 109-15 50-day EMA
  • RES 1: 108-14 20-day EMA
  • PRICE: 107-26+ @ 11:02 BST Apr 30
  • SUP 1: 107-04 Low Apr 25
  • SUP 2: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 106-11+ Base of a bear channel drawn from the Feb 1 low
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend outlook in Treasuries is unchanged and the current direction remains down. The contract traded to a fresh cycle low last week and moving average studies are in a bear-mode set-up too, highlighting a clear downtrend. Note too that the recent consolidation appears to have been a flag formation - a bearish continuation pattern. Sights are on 106-27 next, a Fibonacci projection. Firm resistance is 108-14, the 20-day EMA.

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  • RES 4: 110-06 High Apr 4
  • RES 3: 109-26+ High Apr 10
  • RES 2: 109-15 50-day EMA
  • RES 1: 108-14 20-day EMA
  • PRICE: 107-26+ @ 11:02 BST Apr 30
  • SUP 1: 107-04 Low Apr 25
  • SUP 2: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 106-11+ Base of a bear channel drawn from the Feb 1 low
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend outlook in Treasuries is unchanged and the current direction remains down. The contract traded to a fresh cycle low last week and moving average studies are in a bear-mode set-up too, highlighting a clear downtrend. Note too that the recent consolidation appears to have been a flag formation - a bearish continuation pattern. Sights are on 106-27 next, a Fibonacci projection. Firm resistance is 108-14, the 20-day EMA.