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(U4) Reversal Signal

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: 111-09 High Apr 1
  • RES 2: 110-27+ 1.00 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 110-21 High Jun 7
  • PRICE: 109-06 @ 11:28 BST Jun 10
  • SUP 1: 109-02 Intraday low
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-05+ Trendline drawn from the Apr low
  • SUP 4: 107-31 Low May 29 and a key support

Treasuries sold off sharply Friday and the contract remains soft for now. The move down undermines the recent bullish theme and highlights a potential bearish reversal. The contract has breached both the 50- and 20-day EMA. A continuation lower would strengthen a bearish threat and open 108-27+, the Jun 3 low. Key short-term resistance is Friday’s high of 110-21, where a break is required to reinstate the recent bullish theme.

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  • RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-09 High Apr 1
  • RES 2: 110-27+ 1.00 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 110-21 High Jun 7
  • PRICE: 109-06 @ 11:28 BST Jun 10
  • SUP 1: 109-02 Intraday low
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-05+ Trendline drawn from the Apr low
  • SUP 4: 107-31 Low May 29 and a key support

Treasuries sold off sharply Friday and the contract remains soft for now. The move down undermines the recent bullish theme and highlights a potential bearish reversal. The contract has breached both the 50- and 20-day EMA. A continuation lower would strengthen a bearish threat and open 108-27+, the Jun 3 low. Key short-term resistance is Friday’s high of 110-21, where a break is required to reinstate the recent bullish theme.