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US 10YR FUTURE TECHS: (Z4) Bear Threat Firms

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-01+ 20-day EMA
  • RES 2: 113-25   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-02+ @ 16:17 BST Oct 10
  • SUP 1: 111-22   Low Oct 10
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 111-04+ 2.0% 10-dma envelope 
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and the contract has traded new pullback lows on the post-CPI / weekly jobs data volatility. The latest sell-off has resulted in a break of not only the 50-day EMA, but also the 112-00 handle. The move undermines the prior bullish theme and instead highlights potential for a continuation lower. Sights are on the 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first resistance.

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  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-01+ 20-day EMA
  • RES 2: 113-25   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-02+ @ 16:17 BST Oct 10
  • SUP 1: 111-22   Low Oct 10
  • SUP 2: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 3: 111-04+ 2.0% 10-dma envelope 
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and the contract has traded new pullback lows on the post-CPI / weekly jobs data volatility. The latest sell-off has resulted in a break of not only the 50-day EMA, but also the 112-00 handle. The move undermines the prior bullish theme and instead highlights potential for a continuation lower. Sights are on the 111-14, the 50% retracement for the Apr - Sep bull leg. 113-12, the Sep 3 low, is the first resistance.