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

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: 112-20   50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 111-06+/111-24+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-15 @ 14:30 GMT Nov 1
  • SUP 1: 110-00   Round number support and intraday low 
  • SUP 2: 109-25+ Low Jul 3
  • SUP 3: 109-15   Low Jul 1 
  • SUP 4: 108-28+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and this week’s extension lower, reinforces current bearish conditions. Short-term gains are considered corrective. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Sights are on the 110-00 handle. A break would open 109-17+, the Jul 5 low. Initial firm resistance is seen at 111.29, 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: 112-20   50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 111-06+/111-24+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-15 @ 14:30 GMT Nov 1
  • SUP 1: 110-00   Round number support and intraday low 
  • SUP 2: 109-25+ Low Jul 3
  • SUP 3: 109-15   Low Jul 1 
  • SUP 4: 108-28+ 2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and this week’s extension lower, reinforces current bearish conditions. Short-term gains are considered corrective. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Sights are on the 110-00 handle. A break would open 109-17+, the Jul 5 low. Initial firm resistance is seen at 111.29, the 20-day EMA. Short-term gains would be considered corrective.