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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:‌‌ 112-31 @ 16:49 BST Oct 4
  • SUP 1: 112-30+ Low Oct 4
  • 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 traded sharply lower Friday in response to the solid September jobs report. This extends the bear cycle that started Sep 11. The move lower 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:‌‌ 112-31 @ 16:49 BST Oct 4
  • SUP 1: 112-30+ Low Oct 4
  • 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 traded sharply lower Friday in response to the solid September jobs report. This extends the bear cycle that started Sep 11. The move lower 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.