August 22, 2024 10:09 GMT
US 10YR FUTURE TECHS: (U4) Trend Needle Points North
US 10YR FUTURE TECHS
- RES 4: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing
- RES 3: 115-17 2.618 proj of the Apr 25 - May 16 - 29 price swing
- RES 2: 115-03+ High Aug 5 and the bull trigger
- RES 1: 114-03/114-16 High Aug 6 / 76.4% of the Aug 5 - 8 pullback
- PRICE: 113-19+ @ 10:58 BST Aug 22
- SUP 1: 112-26+ 20-day EMA
- SUP 2: 111-25 50-day EMA values
- SUP 3: 111-06+ Low Jul 29
- SUP 4: 110-18+ Low Jul 22
A bullish theme in Treasuries remains intact and the contract has traded higher this week and remains above support. Note that MA studies are in a bull-mode position and this continues to highlight bullish sentiment. The recent breach of 111-01, Jun 14 high, confirmed a resumption of the uptrend. Sights are on 115-17, a Fibonacci projection. The recent move down is considered corrective. Support to watch is 112-26+, the 20-day EMA.
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