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

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-20+ High Oct 22
  • RES 2: 111-09   50-day EMA 
  • RES 1: 110-04+ 20-day EMA 
  • PRICE:‌‌ 109-31+ @ 11:12 GMT Nov 25
  • SUP 1: 108-30/18+ Low Nov 15 / 1.236 proj of Oct 1 - 10 - 16 swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-17   2.0% 10-dma envelope

The trend direction in Treasuries is unchanged, it remains down and gains appear corrective. MA studies are in a bear-mode set-up, highlighting a clear downtrend and bearish market sentiment. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on the 108-00 handle. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110.04+. It has been pierced, a clear breach would open the 50-day EMA, at 111-09.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-20+ High Oct 22
  • RES 2: 111-09   50-day EMA 
  • RES 1: 110-04+ 20-day EMA 
  • PRICE:‌‌ 109-31+ @ 11:12 GMT Nov 25
  • SUP 1: 108-30/18+ Low Nov 15 / 1.236 proj of Oct 1 - 10 - 16 swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-17   2.0% 10-dma envelope

The trend direction in Treasuries is unchanged, it remains down and gains appear corrective. MA studies are in a bear-mode set-up, highlighting a clear downtrend and bearish market sentiment. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on the 108-00 handle. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110.04+. It has been pierced, a clear breach would open the 50-day EMA, at 111-09.