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(U4) Bear Cycle Extends

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsBond Market News
  • RES 4: 109-28 High May 17
  • RES 3: 109-14 50-day EMA
  • RES 2: 109-00+ 20-day EMA
  • RES 1: 108-19 High May 29/30
  • PRICE: 108-17+ @ 16:37 BST May 30
  • SUP 1: 107-31 Low May 29
  • SUP 2: 107-20+ Low May 29
  • SUP 3: 107-12+ Low Apr 25 and the bear trigger
  • SUP 4: 107-00 Round number support

Treasuries remain vulnerable and Wednesday’s extension lower reinforces a bearish theme. This marks an extension of the reversal from the May 16 high. The contract has pierced 108-02+, the 76.4% retracement of the Apr 25 - May 16 climb. A clear breach of this price point would open the key support at 107-12+, the Apr 25 low. Initial firm resistance is seen at 109-00+, the 20-day EMA.

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  • RES 4: 109-28 High May 17
  • RES 3: 109-14 50-day EMA
  • RES 2: 109-00+ 20-day EMA
  • RES 1: 108-19 High May 29/30
  • PRICE: 108-17+ @ 16:37 BST May 30
  • SUP 1: 107-31 Low May 29
  • SUP 2: 107-20+ Low May 29
  • SUP 3: 107-12+ Low Apr 25 and the bear trigger
  • SUP 4: 107-00 Round number support

Treasuries remain vulnerable and Wednesday’s extension lower reinforces a bearish theme. This marks an extension of the reversal from the May 16 high. The contract has pierced 108-02+, the 76.4% retracement of the Apr 25 - May 16 climb. A clear breach of this price point would open the key support at 107-12+, the Apr 25 low. Initial firm resistance is seen at 109-00+, the 20-day EMA.