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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: 115-00+/23+ High Oct 1 / 11 and the bull trigger   
  • RES 1: 113-29+/114-18 50-day EMA / 20-day EMA  
  • PRICE:‌‌ 113-04+ @ 14:02 BST Oct 4
  • SUP 1: 112-31+ Intraday low
  • SUP 2: 112-18   Low Aug 1
  • SUP 3: 112-14+ 38.2% retracement of the Apr - Sep bull cycle (cont)        
  • SUP 4: 112-00   Round number support 

Treasuries have traded sharply lower today, extending the bear cycle that started Sep 11. The move lower today has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move down undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on 112-18, the Aug 1 low. Initial resistance is at 113-29+, the 50-day EMA.

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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: 115-00+/23+ High Oct 1 / 11 and the bull trigger   
  • RES 1: 113-29+/114-18 50-day EMA / 20-day EMA  
  • PRICE:‌‌ 113-04+ @ 14:02 BST Oct 4
  • SUP 1: 112-31+ Intraday low
  • SUP 2: 112-18   Low Aug 1
  • SUP 3: 112-14+ 38.2% retracement of the Apr - Sep bull cycle (cont)        
  • SUP 4: 112-00   Round number support 

Treasuries have traded sharply lower today, extending the bear cycle that started Sep 11. The move lower today has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move down undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on 112-18, the Aug 1 low. Initial resistance is at 113-29+, the 50-day EMA.