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

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 113-12   Low Sep 3 and a recent breakout point   
  • RES 3: 112-31   50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 111-14/112-10+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-27 @ 10:28 GMT Oct 28
  • SUP 1: 110-18+ Intraday low 
  • SUP 2: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 110-00   Round number support 
  • SUP 4: 109-16   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged and remains bearish. Today’s move lower reinforces this theme. The move down maintains a bearish price sequence of higher highs and higher lows and note that moving average studies are in a bear-mode position. Sights are on 110-13, a Fibonacci retracement, ahead of the 110-00 handle. Initial key resistance has been defined at 112-22, the Oct 16 high.

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  • RES 4: 113-12   Low Sep 3 and a recent breakout point   
  • RES 3: 112-31   50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 111-14/112-10+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-27 @ 10:28 GMT Oct 28
  • SUP 1: 110-18+ Intraday low 
  • SUP 2: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 110-00   Round number support 
  • SUP 4: 109-16   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged and remains bearish. Today’s move lower reinforces this theme. The move down maintains a bearish price sequence of higher highs and higher lows and note that moving average studies are in a bear-mode position. Sights are on 110-13, a Fibonacci retracement, ahead of the 110-00 handle. Initial key resistance has been defined at 112-22, the Oct 16 high.