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US 10YR FUTURE TECHS: (U4) Trend Needle Points North

US 10YR FUTURE TECHS
  • RES 4: 112-25   High Mar 8 
  • RES 3: 112-10   1.50 proj of the Apr 25 - May 16 - 29 price swing
  • RES 2: 111-31   1.382 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 111-28   High Jul 31 
  • PRICE:‌‌ 111-25+ @ 16:57 BST Jul 31
  • SUP 1: 110-28/110-13+ 20- and 50-day EMA values 
  • SUP 2: 109-17+ Low Jul 5 
  • SUP 3: 109-01+ Trendline drawn from the Apr 25 low 
  • SUP 4: 108-31   Low May 31

Treasuries rallied in the hours ahead of the Fed decision, clearing the Tuesday high with very little difficulty. This keeps the bull theme intact. MA studies are in a bull-mode position and the recent breach of 111-01, the Jun 14 high, confirmed a resumption of the uptrend that started Apr 25. Note that Monday’s gains resulted in a print above 111-15, the Jul 17 high. This reinforces the bullish theme and  opens 111-31, a Fibonacci projection. Support is at 110-25+, the 20-day EMA.

USFixed Income Technical AnalysisBulletGlobalFixed Income BulletsRegionNorth America

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