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(U4) Remains Vulnerable

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-13 High Mar 25
  • RES 2: 110-16/111-01 High Jun 28 / 14 and the bull trigger
  • RES 1: 110-00 20-day EMA
  • PRICE: 109-08 @ 11:08 BST Jul 2
  • SUP 1: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-17+ Trendline drawn from the Apr 25 low
  • SUP 4: 107-31 Low May 29 and a key support

Treasuries remain vulnerable following yesterday’s move lower, marking an extension of the bear leg that stated Jun 14. It is still possible that the move down is a correction, however the steep sell-off does suggest scope for an extension - price has breached both the 20- and 50-day EMAs. Sights are on 109-00+, the Jun 10 low. A break would open 108-17+, a trendline drawn from the Apr 25 low. Initial firm resistance to watch is 110-16, the Jun 28 high.

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  • RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-13 High Mar 25
  • RES 2: 110-16/111-01 High Jun 28 / 14 and the bull trigger
  • RES 1: 110-00 20-day EMA
  • PRICE: 109-08 @ 11:08 BST Jul 2
  • SUP 1: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-17+ Trendline drawn from the Apr 25 low
  • SUP 4: 107-31 Low May 29 and a key support

Treasuries remain vulnerable following yesterday’s move lower, marking an extension of the bear leg that stated Jun 14. It is still possible that the move down is a correction, however the steep sell-off does suggest scope for an extension - price has breached both the 20- and 50-day EMAs. Sights are on 109-00+, the Jun 10 low. A break would open 108-17+, a trendline drawn from the Apr 25 low. Initial firm resistance to watch is 110-16, the Jun 28 high.