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(U4) Corrective Pullback

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 116-00 Round number resistance
  • RES 3: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing
  • RES 2: 115-17 2.618 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 114-03/115-03+ High Aug 6 / 5
  • PRICE: 113-16+ @ 16:48 BST Aug 6
  • SUP 1: 112-21/01+ Low Aug 2 / 1
  • SUP 2: 111-26+/110-30 20- and 50-day EMA values
  • SUP 3: 109-17+ Low Jul 5
  • SUP 4: 109-05+ Trendline drawn from the Apr 25 low

Treasuries traded sharply higher last week and a bullish theme is intact. Monday's gains reinforce the current bullish condition. Note that MA studies are in a bull-mode position too and the recent breach of 111-01, Jun 14 high, confirmed a resumption of the uptrend. Scope is seen for 115-17, a Fibonacci projection. Initial support is 112-21, Friday’s intraday low. The contract has pulled back from yesterday’s high, the move lower is considered corrective.

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  • RES 4: 116-00 Round number resistance
  • RES 3: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing
  • RES 2: 115-17 2.618 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 114-03/115-03+ High Aug 6 / 5
  • PRICE: 113-16+ @ 16:48 BST Aug 6
  • SUP 1: 112-21/01+ Low Aug 2 / 1
  • SUP 2: 111-26+/110-30 20- and 50-day EMA values
  • SUP 3: 109-17+ Low Jul 5
  • SUP 4: 109-05+ Trendline drawn from the Apr 25 low

Treasuries traded sharply higher last week and a bullish theme is intact. Monday's gains reinforce the current bullish condition. Note that MA studies are in a bull-mode position too and the recent breach of 111-01, Jun 14 high, confirmed a resumption of the uptrend. Scope is seen for 115-17, a Fibonacci projection. Initial support is 112-21, Friday’s intraday low. The contract has pulled back from yesterday’s high, the move lower is considered corrective.