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US 10YR FUTURE TECHS: (Z4) Bearish Trend Condition

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: 113-01+ 50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 112-14+ 20-day EMA 
  • PRICE:‌‌ 111-09+ @ 11:06 BST Oct 25
  • SUP 1: 111-04/110-30+ 200-dma / Low Oct 23
  • SUP 2: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 110-00   Round number support 
  • SUP 4: 109-22   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged and remains bearish with price trading just above its recent lows. The contract traded to a fresh cycle low this week, resulting in a breach of 111-22, the Oct 10 low. Note too that the 200-dma at 111-04 has been pierced - a bearish development. A continuation lower would open 110-13, a Fibonacci retracement. 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: 113-01+ 50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 112-14+ 20-day EMA 
  • PRICE:‌‌ 111-09+ @ 11:06 BST Oct 25
  • SUP 1: 111-04/110-30+ 200-dma / Low Oct 23
  • SUP 2: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 110-00   Round number support 
  • SUP 4: 109-22   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged and remains bearish with price trading just above its recent lows. The contract traded to a fresh cycle low this week, resulting in a breach of 111-22, the Oct 10 low. Note too that the 200-dma at 111-04 has been pierced - a bearish development. A continuation lower would open 110-13, a Fibonacci retracement. Initial firm resistance has been defined at 112-22, the Oct 16 high.