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

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: 113-06+ 50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 112-19   20-day EMA 
  • PRICE:‌‌ 111-05 @ 16:55 BST Oct 23
  • SUP 1: 111-04   200-dma
  • SUP 2: 110-30+ Low Oct 23
  • SUP 3: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont) 
  • SUP 4: 109-26   2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract traded to a fresh cycle low Wednesday. The bear trigger at 111-22, the Oct 10 low, has been cleared, confirming a resumption of the trend. This has exposed the 200-dma at 111-04 and 110-13, a Fibonacci retracement. Moving average studies are in a bear-mode position, highlighting a dominant downtrend for now. Initial firm 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: 113-06+ 50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 112-19   20-day EMA 
  • PRICE:‌‌ 111-05 @ 16:55 BST Oct 23
  • SUP 1: 111-04   200-dma
  • SUP 2: 110-30+ Low Oct 23
  • SUP 3: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont) 
  • SUP 4: 109-26   2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract traded to a fresh cycle low Wednesday. The bear trigger at 111-22, the Oct 10 low, has been cleared, confirming a resumption of the trend. This has exposed the 200-dma at 111-04 and 110-13, a Fibonacci retracement. Moving average studies are in a bear-mode position, highlighting a dominant downtrend for now. Initial firm resistance has been defined at 112-22, the Oct 16 high.