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US 10YR FUTURE TECHS: (Z4) Bear Leg Extends

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3
  • RES 2: 15-00+/23+ High Oct 1 / 11 and the bull trigger   
  • RES 1: 114-18 20-day EMA 1  
  • PRICE:‌‌ 113-31+ @ 08:09 BST Oct 4
  • SUP 1: 113-29+/28+  50-day EMA / Low Oct 3
  • SUP 2: 113-12   Low Sep 3 and a key support
  • SUP 3: 113-00   Low Aug 8        
  • SUP 4: 112-18   Low Aug 1 

Treasuries traded lower Thursday. The latest move down appears to be a correction, however, the contract has breached the 20-day EMA and is testing support at the 50-day EMA, at 113-29+. A clear break of this average would signal scope for a deeper retracement towards 113-12, the Sep 3 low and a key support. Initial firm resistance to watch is 115-00+, the Oct 1 high. A break would be seen as an early reversal signal.

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  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3
  • RES 2: 15-00+/23+ High Oct 1 / 11 and the bull trigger   
  • RES 1: 114-18 20-day EMA 1  
  • PRICE:‌‌ 113-31+ @ 08:09 BST Oct 4
  • SUP 1: 113-29+/28+  50-day EMA / Low Oct 3
  • SUP 2: 113-12   Low Sep 3 and a key support
  • SUP 3: 113-00   Low Aug 8        
  • SUP 4: 112-18   Low Aug 1 

Treasuries traded lower Thursday. The latest move down appears to be a correction, however, the contract has breached the 20-day EMA and is testing support at the 50-day EMA, at 113-29+. A clear break of this average would signal scope for a deeper retracement towards 113-12, the Sep 3 low and a key support. Initial firm resistance to watch is 115-00+, the Oct 1 high. A break would be seen as an early reversal signal.