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US 10YR FUTURE TECHS: E-MINI S&P: (Z4) Trend Structure Remains Bullish

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 5900.00 Round number resistance
  • RES 3: 5871.77 2.0% Upper Bollinger Band
  • RES 2: 5868.50 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing
  • RES 1: 5830.00 High Sep 26        
  • PRICE: 5793.25 @ 07:12 BST Oct 7
  • SUP 1: 5735.68 20-day EMA    
  • SUP 2: 5666.17 50-day EMA 
  • SUP 3: 5500.00 Round number support 
  • SUP 4: 5451.25 Low Sep 6 and a bear trigger

A bull cycle in S&P E-Minis remains intact and the latest shallow pullback appears to have been a correction. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend and positive market sentiment. Scope is seen for a climb towards 5868.50, a Fibonacci projection, and 5900.00 further out. On the downside, initial support  to watch is 5735.68, the 20-day EMA. Key support lies at 5666.17 the 50-day EMA.

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  • RES 4: 5900.00 Round number resistance
  • RES 3: 5871.77 2.0% Upper Bollinger Band
  • RES 2: 5868.50 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing
  • RES 1: 5830.00 High Sep 26        
  • PRICE: 5793.25 @ 07:12 BST Oct 7
  • SUP 1: 5735.68 20-day EMA    
  • SUP 2: 5666.17 50-day EMA 
  • SUP 3: 5500.00 Round number support 
  • SUP 4: 5451.25 Low Sep 6 and a bear trigger

A bull cycle in S&P E-Minis remains intact and the latest shallow pullback appears to have been a correction. Note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend and positive market sentiment. Scope is seen for a climb towards 5868.50, a Fibonacci projection, and 5900.00 further out. On the downside, initial support  to watch is 5735.68, the 20-day EMA. Key support lies at 5666.17 the 50-day EMA.