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US‌‌ ‌‌10YR‌‌ ‌‌FUTURE‌‌ ‌‌TECHS:‌‌ (Z3) Support Remains Exposed

US 10YR FUTURE TECHS
  • RES 4: 112-24+ High Jul 27
  • RES 3: 112-14 High Aug 10 and a key short-term resistance
  • RES 2: 112-00 Round number resistance
  • RES 1: 110-13+/111-12+ 20-day EMA / High Sep 1
  • PRICE: 109-23 @ 11:23 BST Sep 11
  • SUP 1: 109-19 Low Sep 7
  • SUP 2: 109-18+/09+ Low Aug 25 / 22 and the bear trigger
  • SUP 3: 108-20 1.000 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 107.23 1.236 proj of the Jul 18 - Aug 4 - Aug 10 price swing

The trend direction in Treasuries remains down. The latest move lower highlights a potential short-term reversal and 111-12+ marks the key short-term resistance, the Sep 1 high. Moving average studies continue to highlight a medium-term downtrend. An extension lower would signal scope for 109-09+, Aug 22 low and a bear trigger. A break of this level would strengthen a bearish theme.

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