November 18, 2024 11:28 GMT
US 10YR FUTURE TECHS: (Z4) Bearish Trend Condition
US 10YR FUTURE TECHS
- RES 4: 112-22 High Oct 16 and a key short-term resistance
- RES 3: 111-20 50-day EMA
- RES 2: 111-14+ High Oct 25
- RES 1: 109-30+/110-14+ High Nov 13 / 20-day EMA
- PRICE: 109-10+ @ 11:17 GMT Nov 18
- SUP 1: 108-18+ 1.236 proj of the Oct 1 - 10 - 16 price swing
- SUP 2: 108-03 1.382 proj of the Oct 1 - 10 - 16 price swing
- SUP 3: 108-00 Round number support
- SUP 4: 107-23 2.0% 10-dma envelope
The trend outlook in Treasuries is unchanged. It remains bearish and the contract is trading just above last week’s low print. Moving average studies are in a bear-mode set-up too, highlighting a clear downtrend. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on 108-00. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110-14+.
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