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US 10YR FUTURE TECHS: (Z4) Bear Cycle Remains In Play

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22+ 50-day EMA  
  • RES 3: 112-22   High Oct 16 and a key short-term resistance 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 111-06+/111-29 High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-14 @ 16:47 GMT Oct 31
  • SUP 1: 110-04+ Low Oct 31
  • SUP 2: 110-00   Round number support
  • SUP 3: 109-17+ Low Jul 5 (cont)
  • SUP 4: 109-01+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and the contract is trading just above this week’s lows. Short-term gains are considered corrective. This week’s move down reinforces the bear theme and maintains the bearish price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too. Sights are on the 110-00 handle. Initial firm resistance is seen at 111.29, the 20-day EMA.  

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  • RES 4: 112-22+ 50-day EMA  
  • RES 3: 112-22   High Oct 16 and a key short-term resistance 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 111-06+/111-29 High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-14 @ 16:47 GMT Oct 31
  • SUP 1: 110-04+ Low Oct 31
  • SUP 2: 110-00   Round number support
  • SUP 3: 109-17+ Low Jul 5 (cont)
  • SUP 4: 109-01+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and the contract is trading just above this week’s lows. Short-term gains are considered corrective. This week’s move down reinforces the bear theme and maintains the bearish price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too. Sights are on the 110-00 handle. Initial firm resistance is seen at 111.29, the 20-day EMA.