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

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-14   50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 110-30/111-15+ High Nov 1 / 20-day EMA 
  • PRICE:‌‌ 109-31+ @ 16:49 GMT Nov 5
  • SUP 1: 109-27+ Low Nov 1  
  • SUP 2: 109-15   Low Jul 1
  • SUP 3: 109-05   76.4% retracement of the Apr - Sep bull cycle
  • SUP 4: 108-21+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and last week’s extension lower, reinforces current bearish conditions. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. The 110-00 handle has been pierced. A continuation lower would open 109-15, the Jul 1 low. Initial firm resistance is seen at 111.15+, the 20-day EMA. Short-term gains would be considered corrective.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-14   50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 110-30/111-15+ High Nov 1 / 20-day EMA 
  • PRICE:‌‌ 109-31+ @ 16:49 GMT Nov 5
  • SUP 1: 109-27+ Low Nov 1  
  • SUP 2: 109-15   Low Jul 1
  • SUP 3: 109-05   76.4% retracement of the Apr - Sep bull cycle
  • SUP 4: 108-21+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and last week’s extension lower, reinforces current bearish conditions. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. The 110-00 handle has been pierced. A continuation lower would open 109-15, the Jul 1 low. Initial firm resistance is seen at 111.15+, the 20-day EMA. Short-term gains would be considered corrective.