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US 10YR FUTURE TECHS: (Z4) Bull Cycle Remains In Play

US 10YR FUTURE TECHS
  • RES 4: 116-00   Round number resistance  
  • RES 3: 115-19   High Aug 5 and the bull trigger
  • RES 2: 114-31+ 76.4% of the Aug 5 - 8 pullback 
  • RES 1: 114-19+ High Aug 21
  • PRICE:‌‌ 113-25+ @ 16:55 BST Aug 30
  • SUP 1: 113-22/21+ Low Aug 30 / 20-day EMA   
  • SUP 2: 113-00   Aug 8 low 
  • SUP 3: 112-19+ 50-day EMA       
  • SUP 4: 111-28+ High Jul 17 

Treasuries are in consolidation mode. A bull cycle remains in play and the latest sideways move is seen as a pause in the uptrend. Moving average studies are in a bull-mode position - this continues to highlight positive market sentiment. A resumption of gains would refocus attention on the key resistance and bull trigger at 115-19, Aug 5 high. Initial resistance to watch is 114-19+, the Aug 21 high. Support to watch is 113-21+, the 20-day EMA.

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