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US 10YR FUTURE TECHS: (H5) Resistance Remains Exposed

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-31   High Oct 16 and a key short-term resistance 
  • RES 3: 111-26   High Oct 22
  • RES 2: 111-13+ 50-day EMA 
  • RES 1: 111-09   High Dec 02
  • PRICE:‌‌ 111-06+ @ 16:49 GMT Dec 2
  • SUP 1: 110-01/109-20 Low Nov 25 / Low Nov 20/21     
  • SUP 2: 109-02+ Low Nov 15 and the bear trigger  
  • SUP 3: 108-28   1.236 proj of the Oct 1 - 14 - 16 price swing     
  • SUP 4: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing

Treasuries traded higher last week - a correction - and the contract is holding on to the bulk of its latest gains. Price has cleared the 20-day EMA and sights are on the 50-day EMA, at 111-13+. This EMA marks the next important resistance, a clear break of it would signal scope for a stronger recovery near-term. For bears, a reversal lower would highlight the end of the correction and open the bear trigger at 109-02+, the Nov 15 low.    

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  • RES 4: 112-31   High Oct 16 and a key short-term resistance 
  • RES 3: 111-26   High Oct 22
  • RES 2: 111-13+ 50-day EMA 
  • RES 1: 111-09   High Dec 02
  • PRICE:‌‌ 111-06+ @ 16:49 GMT Dec 2
  • SUP 1: 110-01/109-20 Low Nov 25 / Low Nov 20/21     
  • SUP 2: 109-02+ Low Nov 15 and the bear trigger  
  • SUP 3: 108-28   1.236 proj of the Oct 1 - 14 - 16 price swing     
  • SUP 4: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing

Treasuries traded higher last week - a correction - and the contract is holding on to the bulk of its latest gains. Price has cleared the 20-day EMA and sights are on the 50-day EMA, at 111-13+. This EMA marks the next important resistance, a clear break of it would signal scope for a stronger recovery near-term. For bears, a reversal lower would highlight the end of the correction and open the bear trigger at 109-02+, the Nov 15 low.