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‌‌(U1)‌‌ Approaching Top of Range

US 10YR FUTURE TECHS
  • RES 4: 134-19 38.2% 2020 - 2021 Sell-off
  • RES 3: 133-20 1.382 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 133-16+ High May 7 (cont) and the bull trigger
  • RES 1: 133-12 High Jul 6
  • PRICE: 133-11 @ 16:21 BST Jul 6
  • SUP 1: 132-04+ Bull channel base drawn off the Ma30 low
  • SUP 2: 131-24+/14 Low Jun 25 / Low Jun 17 and a key support
  • SUP 3: 131-01 Low May 13
  • SUP 4: 130-31+ Low May 19 and a key support

US Treasury futures accelerated their short-term trend higher, topping the Jun 21 high of 132-30 in the process. The recovery from the Jun 17 and 25 lows highlights a rebound from the base of a bull channel drawn off the Mar 30 low. The break of 132-30 and the bull trigger at 133-06+ strengthens a short-term bullish theme and opens next resistance at the 133-16+ mark. On the downside, watch initial support at 131-24+, Jun 25 low. A break would be bearish.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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