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

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-14+ High Oct 3
  • RES 2: 113-17   50-day EMA   
  • RES 1: 112-21/113-12 High Oct 21 / Low Sep 3  
  • PRICE:‌‌ 112-14 @ 17:10 BST Oct 15
  • SUP 1: 111-22   Low Oct 10
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 110-21   2.0% 10-dma envelope 
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and despite a bounce, the contract is trading closer to last week’s lows. The latest sell-off resulted in a break of not only the 50-day EMA, but also the 112-00 handle. The move undermines the prior bullish theme and instead highlights potential for a continuation lower. Sights are on 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first key resistance.

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  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-14+ High Oct 3
  • RES 2: 113-17   50-day EMA   
  • RES 1: 112-21/113-12 High Oct 21 / Low Sep 3  
  • PRICE:‌‌ 112-14 @ 17:10 BST Oct 15
  • SUP 1: 111-22   Low Oct 10
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 110-21   2.0% 10-dma envelope 
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and despite a bounce, the contract is trading closer to last week’s lows. The latest sell-off resulted in a break of not only the 50-day EMA, but also the 112-00 handle. The move undermines the prior bullish theme and instead highlights potential for a continuation lower. Sights are on 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first key resistance.