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US 10YR FUTURE TECHS: (Z4) Bears Remain In The Driver’s Seat

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-26   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-21   20-day EMA 
  • PRICE:‌‌ 109-13 @ 11:18 GMT Nov 14
  • SUP 1: 109-06/05 Intraday low / 76.4% of Apr - Sep bull cycle (cont)  
  • SUP 2: 109-00   Round number support 
  • SUP 3: 108-27+ Low Jun 3 (cont)
  • SUP 4: 107-25+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract has traded to a fresh cycle low, today. Recent weakness reinforces a bearish condition and note that moving average studies are in a bear-mode set-up, highlighting a clear downtrend. Sights are on 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 110-21, the 20-day EMA.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-26   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-21   20-day EMA 
  • PRICE:‌‌ 109-13 @ 11:18 GMT Nov 14
  • SUP 1: 109-06/05 Intraday low / 76.4% of Apr - Sep bull cycle (cont)  
  • SUP 2: 109-00   Round number support 
  • SUP 3: 108-27+ Low Jun 3 (cont)
  • SUP 4: 107-25+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract has traded to a fresh cycle low, today. Recent weakness reinforces a bearish condition and note that moving average studies are in a bear-mode set-up, highlighting a clear downtrend. Sights are on 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 110-21, the 20-day EMA.