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(U4) Watching Resistance At The 50-Day EMA

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-02/09 1.0% 10-dma env / High My 16 and the bull trigger
  • RES 3: 109-28 High May 17
  • RES 2: 109-12 50-day EMA
  • RES 1: 109-02+ Intraday high
  • PRICE: 109-01 @ 11:15 BST Jun 3
  • 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 have recovered from last week’s 107-31 low (May 29) and the contract is trading higher today. Short-term gains are considered corrective and trend signals continue to highlight a bearish condition. Resistance to watch is 109-12, the 50-day EMA. A clear break of this average is required to signal scope for a stronger bounce. A resumption of bearish activity would expose the key support at 107-12+, the Apr 25 low.

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  • RES 4: 110-02/09 1.0% 10-dma env / High My 16 and the bull trigger
  • RES 3: 109-28 High May 17
  • RES 2: 109-12 50-day EMA
  • RES 1: 109-02+ Intraday high
  • PRICE: 109-01 @ 11:15 BST Jun 3
  • 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 have recovered from last week’s 107-31 low (May 29) and the contract is trading higher today. Short-term gains are considered corrective and trend signals continue to highlight a bearish condition. Resistance to watch is 109-12, the 50-day EMA. A clear break of this average is required to signal scope for a stronger bounce. A resumption of bearish activity would expose the key support at 107-12+, the Apr 25 low.